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ID:347003
大小:60.00 KB
页数:10页
时间:2017-07-26
《公允价值会计、金融和会计可靠性的关系【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、外文文献翻译译文原文Fairvalueaccounting,financialeconomicsandthetransformationofreliabilityTheconceptionandapplicationof'fairvalue'measurementwithinfinancialreportinghasanadhochistorywhichreachesbackatleasttwodecades(OmirosandJack,2008).Inthe1980sthetermwaswidelyappliedwithintheconte
2、xtofacquisitionaccountingasabasisfortheallocationofentryvaluestoacquiredassets.Theprocedureyieldedafigureforpurchasedgoodwillandopeningbookvalues,butwasnotwithoutitsdifficultiesandcontroversies.Forexample,contractualandtransactioncostincentivesexistedtoidentifyanyfairvalue'
3、components'ofgoodwill,suchasbrandsandintangibles.Yet,despitethesecomplications,thisearlierperiodwasmarkedbymoreorlesstoleranceofmixedmeasurementbasesforfinancialaccounting.Arangeofcurrentvaluemeasurementswereappliedpiecemealandacertainstyleof'reactive'pragmatismcharacterise
4、dtheapproachesofnationalstandard-setters.Despitethewidelyacknowledgedintellectualdefectsofhistoricalcostmeasurementandthesometimeslargegapbetweenaccountingnetbookvalueandmarketcapitalisation,pressuresforasingledominantmeasurementconventionweremuted.By2007,justpriortothefina
5、ncialcrisis,thestatusoffairvaluemeasurementhadchangedentirely,havingacquiredbothanexpandedsignificanceandpositionofcontroversywithinthefinancialaccountingpolicyprocess.Indeed,theideaoffairvaluemeasurementforaccountingcametobeamotivatingandquasi-philosophicalprincipleatthece
6、ntreofanaccountingreformprocessledindifferentwaysbyspecificmembersofFASBandIASB.'Fairvaluecouldbesaidtobemuchmorethanjustatechnicalmeasurementconvention;foritsproponentsitcametorepresentachangeprocesswhichwasglobalinaspirationandwasincreasinglyintolerantoftheapparentincoher
7、enceofmixedmeasurementsystems.10Evenbeforethelargestfinancialcrisissincethe1930scausedthischangeprogrammetostumbleandcompromise,fairvaluewasthesubjectofheateddebatebypolicymakers,practitionersandacademicsalike.However,theideaoffairvalueaccountingseemedtohavemomentumandbecam
8、einstitutionaliseddespitestridentoppositionfrommanyquartersaboutfeaturesofitsimple
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