完全公允价值会计时代的到来【外文翻译】

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1、本科毕业论文（设计）外文翻译外文出处BankAsset/LiabilityManagement,2009(10):7-8外文作者OrlandoHanselman原文：FullFairValueAccounting:ItsTimeHasComeExecutiveSummary:Itistimetoevaluatefairvalueaccountingobjectivelybyreturningtotheconceptualrootsofourmodernaccountingframeworkanddebunkingcertainfalsedoctrines

2、.Analyzingtheconceptualintegrityoffairvaluecomparedtohistoriccostaccountingdemonstratestheclearsuperiorityoffairvaluemeasurementandreporting.Truecapitaladequacycanonlybeascertainedonarisk-adjustedbasis.Thestartingpointforsuchneededandsoundrisk-adjustmentisreflectingchangesinmarke

3、tvaluesforallassetsandliabilitiestodeterminetheeconomicvalueofequity.Fullfairvalueaccountingwithappropriatelydetaileddisclosuresshouldberequirednowforallreportingentitiesandforallassetsandliabilities.Sucharequirementalsowouldresultinequitystatedonafullfairvaluebasis.Historicalcos

4、tshouldbeproperlyrelegatedtonomorethanfootnotedisclosure.Fullfairvalueaccountingsharpensinvestorandmanagementfocusonlong-term,risk-adjustedorganizationalperformanceandtheoptimizationofeconomicvalueofequity.Fullfairvalueaccounting…itstimehascome!Fairvalueaccounting,onceasubjectrel

5、egatedfordiscussionbythegreeneyeshadeandthepocketprotectorcrowd,hasmovedfromaccountingcubiclestoMainStreetandthepoliticalpowercorridorsofAmerica.Muchhasrecentlybeenwrittenaboutit.Muchconversationhasbeenheld.Theissuehastakenonpartisantoneswithbothstaunchproponentsanddetermined,wel

6、lfundedopponentsraisinguptheirvoices.Tosortthroughthisrhetoricitistimetolookatfairvalueaccountingobjectivelybyreturningtotheconceptualrootsofourmodernaccountingframeworkanddebunkingcertainfalsedoctrinesespousedbyfairvalueaccountingcritics.Asthisanalysiswillsubstantiate,nowistheti

7、meforfullfairvalueaccounting.Fairvalueaccountingisnotanewconceptorrecentphenomena:“Assetvaluations(forfinancialinstitutions)wereatfairmarketvalue.Itwasnotuntil1938thattheFederalReserveforcedtheotherregulatorstoaccedetohistoriccostaccountingforbanks’assets.The1938…accountingchange

8、wasmadetoencouragenewlendingandtoenablep