[DOWNLOAD] ~ Ethical Implications of Reporting Fair Value in Financial Statements (Statement of Financial Accounting Standards) by Review of Business ~ Book PDF Kindle ePub Free
eBook details
- Title: Ethical Implications of Reporting Fair Value in Financial Statements (Statement of Financial Accounting Standards)
- Author : Review of Business
- Release Date : January 01, 2007
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 262 KB
Description
Abstract Statement of Financial Accounting Standards No. 157, Fair Value Measurements, issued by the Financial Accounting Standards Board (FASB) on September 15, 2006 provides enhanced guidance for estimating the fair values of assets and liabilities reported in financial statements. Prior to the issuance of this standard, methods for measuring fair value were diverse and inconsistent. The new standard establishes a fair value hierarchy that prioritizes the inputs that should be used when estimating fair value. Level-3 fair value estimates in the hierarchical structure, which involve the highest levels of management judgment and subjectivism, provide the greatest area of ethical concern.
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