Fair deal?

Cahan, Steve
March 2011
Chartered Accountants Journal;Mar2011, Vol. 90 Issue 2, p50
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.


Related Articles

  • REBRANDING FAIR VALUE.  // Accountancy Ireland;Aug2011, Vol. 43 Issue 4, p17 

    The article discusses the potential significance of the rebranding of the term fair value in helping overcome the debate over such term during the global economic crisis. It mentions the factors which caused the financial crisis including the lack of consistency in fair value measurement and...

  • The IFRS9 Standard: Assessment of the Impacts on the European Banking Industry. Maria, Halep // Ovidius University Annals, Series Economic Sciences;2015, Vol. 15 Issue 1, p930 

    Since the 2008 World Financial Crisis, the banking industry went through an ongoing transformation process, accelerated by increasing supervision and regulation, especially in the EU. The latest innovation is the IASB IFRS9 Standard, which should by applied starting from 2018 (subject to...

  • IASB PROPOSES FINANCIAL INSTRUMENT ACCOUNTING CHANGES.  // Accounting Today;8/17/2009, Vol. 23 Issue 12, p5 

    The article reports on the proposed changes in the International Accounting Standards Board (IASB) regarding the accounting standards for measuring and classifying financial instruments. Such proposal followed various issues raised by the global financial crisis. The IASB proposes to have two...

  • EU Regulators Strike More Strident Tone on Reform. Woolfe, Jeremy // Compliance Week;Jun2009, Vol. 6 Issue 65, p64 

    The article reports that the financial regulators of the European Union (EU) are demanding a strict regulatory policy in response to the global financial crisis 2008. As cited, the EU discussed the Solvency II framework which alongwith Capital Requirement Directive will provide financial...

  • Fair-value changes loom for alternative funds. Jacobius, Arleen // Pensions & Investments;7/26/2010, Vol. 38 Issue 15, p4 

    The article offers information on the changes in the Fair-value accounting laid by Financial Accounting Statement 157 and its impact on investment and private equity managers and venture capitals. It states that the new proposal will expect the managers to answer the asset's value and methods...

  • ACCOUNTING STANDARDS AND THE FINANCIAL CRISIS. Cairns, Davod // Accountancy;Mar2010, Vol. 145 Issue 1399, p67 

    The article discusses the accounting standards and the global financial crisis. Fair value accounting and the determination of impairment losses in accounting are explored for the accusations that they contributed to the financial crisis. The debate on the distinction of the International...

  • Continuos cambios EN LAS NORMAS CONTABLES. Salas Herrera, Juan José // Revista Contable;jun2012, Issue 1, p16 

    No abstract available.

  • IASB Chairman Defends Speed of IFRS Reforms. Baker, Neil // Compliance Week;Aug2009, Vol. 6 Issue 67, p61 

    The article reports on the response of International Accounting Standards Board (IASB) chairman Sir David Tweedie to the concerns of European Union (EU) finance ministers concerning the financial crisis. It states that Tweedie has expressed that the board is doing its job to provide up-to-date...

  • COMPREHENSIVE INCOME IN TIMES OF CRISES: EVIDENCE FROM SPANISH COMPANIES.  // Global Journal of Business Research (GJBR);2010, Vol. 4 Issue 3, p89 

    No abstract available.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics