- 1、本文档共14页,可阅读全部内容。
- 2、有哪些信誉好的足球投注网站(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
公允价值中英文对照外文翻译文献
(文档含英文原文和中文翻译)
英文原文:
Fair Value is here to stay
The fair value guidance in SFAS 157 Fair Value Measurements, does not represent, as many perceive, a radical departure from previous accounting rules. SFAS 157 is the result of a natural evolution that has been taking place for more than 30 years. SFAS 157 is the result of a natural evolution that has been taking place for more than 30 years.
Many who oppose SFAS 157 do so because of the current economic environment. This current economy, during which many hedge funds and other institutional investors face significant other-than-temporary write-downs on illiquid assets, is, however, an anomaly. Any valuation method that does not require significant write-downs in the current environment would fail to provide a reasonable representation of fair value for those illiquid assets.
When it was introduced in 2007, SFAS 157 amended, deleted, or otherwise affected more than 40 areas of accounting guidance, including SFAS 13, Accounting for Leases. SFAS 13, issued in 1976, introduced the fair value concept when it described an asset being sold in an arms length transaction between unrelated parties. Since then, the accounting framework has continued to move away from a historical cost model and toward a fair value model.
Throughout this transition, accounting standards were issued that discussed fair value in different contexts. SFAS 157 was designed primarily to provide a uniform definition of fair value and a universal measurement framework. Contrary to popular perception, SFAS 157 does not require any new items to be measured at fair value; it specifies the framework to be used wherever other standards require that items be measured at fair value.
Along the Way
Many accountants were educated during an era when colleges taught the tenets of historical cost as part of the fundamental framework of accounting. To those watching the fair value model slowly supplant the cos
您可能关注的文档
最近下载
- 江苏专转本2022年退役士兵考试真题.pdf VIP
- 2025年绍兴职业技术学院单招职业倾向性测试题库审定版.docx VIP
- 天津宁河县—玖龙纸业卫生纸项目环境影响评价报告书简本.pdf
- 借条(模板)完整版.docx
- 江苏专转本2022年退役士兵考试真题.pdf VIP
- GBT 29490-2023 企业知识产权合规管理体系手册+程序文件(格式可转换).pdf
- 2022新大象版科学五年级下册2.4《电从哪里来》教案教学设计.docx VIP
- 《智慧物流与供应链基础》课程标准.docx VIP
- 《广东省玻璃体腔注药操作及质量控制规范》.pdf
- 2025年杭州科技职业技术学院单招职业倾向性测试题库审定版.docx VIP
文档评论(0)