Susan Schmidt Bies: Fair value accounting (Central Bank Articles and Speeches)
نویسنده
چکیده
As you may be aware, the subject of fair value accounting has been discussed in the United States for well over a decade. Advocates of fair value accounting believe that fair value is the most relevant measure for financial reporting. Others, however, believe that historical cost provides a more useful measure because it more clearly represents the economics of business performance and because fair value estimates may not be reliable or verifiable.
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