TITLE

Fair deal?

AUTHOR(S)
Cahan, Steve
PUB. DATE
March 2011
SOURCE
Chartered Accountants Journal;Mar2011, Vol. 90 Issue 2, p50
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the aspects of fair value accounting amidst the global financial crisis. It says that the European Banking Federation, in 2008, called for the amendment of fair value accounting rules because fair value accounting worsened the impact of the crisis on financial and non-financial corporations. It mentions the amendment of International Accounting Standards Board (IASB) of its IAS 39 for banks to reclassify financial assets so they could be accounted for using amortised cost.
ACCESSION #
60015068

 

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