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The Evolution of the Fair Value Accounting – A Response to the Global Financial Crisis

Author

Listed:
  • Stoica Anamaria

    (The University of Economic Studies, Faculty of Accounting, Bucharest)

  • Buculescu (Costicã) Maria Mãdãlina

    (The University of Economic Studies, Faculty of Accounting, Bucharest)

Abstract

The global financial crisis is a reminder of the fact that no matter how much we know, we don’t know enough. Starting from this statement, the current research paper aims to observe the evolution of the concept fair value accounting and to analyze it from a cause - effect perspective, in the context of the global financial crisis. On the one hand, from a cause perspective, the paper analyzes the opposite opinions present in the specialty literature regarding the influence of this valuation method in the evolution of the crisis. On the other hand, from an effect perspective, the authors focused on the related legislation and upon the evolution of standards issued by the regulatory institutions, at a global level.

Suggested Citation

  • Stoica Anamaria & Buculescu (Costicã) Maria Mãdãlina, 2014. "The Evolution of the Fair Value Accounting – A Response to the Global Financial Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 591-596, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:591-596
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    More about this item

    Keywords

    fair value; financial crisis; IFRS 13; FASB; IASB;
    All these keywords.

    JEL classification:

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

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