Český finanční a účetní časopis 2008(4):44-50 | DOI: 10.18267/j.cfuc.289

Fair Value Measurement - Obstacle or Benefit of Financial Accounting and Reporting?

Marcela Žárová
Doc. Ing. Marcela Žárová, CSc. - docentka; Katedra finančního účetnictví a auditingu; Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3, Česká republika; <zarova@vse.cz>.

Introduction of fair value into financial accounting and reporting is a consequence of accounting development in practice, in the last decade of the 20th century. Tendency to introduce fair value, even into SME accounting and reporting, brings fundamental obstacles. There are comments on published IFRS for Small and Medium-sized Entities (ED SME IFRS, 2007) in this text. Public comments are supported by results from field testing realized in Finland. The US SEC shall have the authority under the securities laws to suspend the application of Statement Number 157 of the FASB if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.

Keywords: Fair value; SME IFRS; IASB; FASB; SEC.
JEL classification: G12, M41

Published: December 1, 2008  Show citation

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Žárová, M. (2008). Fair Value Measurement - Obstacle or Benefit of Financial Accounting and Reporting? Czech Financial and Accounting Journal, 2008(4), 44-50. doi: 10.18267/j.cfuc.289
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    References

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