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Fair value and measurement: where the conflicts lie

Fair value and measurement: where the conflicts lie When it comes to the way in which banks report the effects of financial instruments, the position of the global accounting firms is crucial. This article explores the difficulties ahead. It suggests that fair value has a place in the system but that using them to report earnings would create huge difficulties, simply because existing systems of performance measurement would not be up to the task. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Balance Sheet Emerald Publishing

Fair value and measurement: where the conflicts lie

Allister Wilson
Balance Sheet , Volume 9 (4): 8 – Dec 1, 2001
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Publisher
Emerald Publishing
Copyright
none
ISSN
0965-7967
DOI
10.1108/09657960110696735
Publisher site
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Abstract

When it comes to the way in which banks report the effects of financial instruments, the position of the global accounting firms is crucial. This article explores the difficulties ahead. It suggests that fair value has a place in the system but that using them to report earnings would create huge difficulties, simply because existing systems of performance measurement would not be up to the task.

Journal

Balance Sheet – Emerald Publishing

Published: Dec 1, 2001

Keywords: Banking; Hedging; Financial reporting

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