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Revaluation Issues In Financial Reporting: Case Of Financial Instruments

Author

Listed:
  • Jiøí Strouhal

    (Faculty of Finance and Accounting, University of Economics Prague, Prague, Czech Republic)

Abstract

During last 30 years financial reporting faced the shifting of the measurement bases from traditional concept of historical costs towards fair value concept. Numerous critics stress their attention on the problem of fair value measurement as one of the major factors of current crisis. This paper summarizes pros and cons or this reporting base.

Suggested Citation

  • Jiøí Strouhal, 2010. "Revaluation Issues In Financial Reporting: Case Of Financial Instruments," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 57, pages 41-50, november.
    • Handle: RePEc:aic:journl:y:2010:v:57:p:41-50
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    References listed on IDEAS

    as
    1. El-Gazzar, Samir M. & Finn, Philip M. & Jacob, Rudy, 1999. "An empirical investigation of multinational firms' compliance with International Accounting Standards," The International Journal of Accounting, Elsevier, vol. 34(2), pages 239-248, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial reporting; fair value; historical costs; international harmonisation;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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