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measurement error is more complicated as it can be related to whether valuations refer to exit value, as postulated by the IASB …
Persistent link: https://www.econbiz.de/10005063343
This paper explains why the question is how, not if, today's financial statements should include estimates of the future. Including such estimates is not new, but their use is increasing. This increase results primarily because standard setters believe asset and liability measures that reflect...
Persistent link: https://www.econbiz.de/10005121447
Advances in risk measurement technology have reshaped financial markets and the functioning of the financial system. More recently, they have been reshaping the prudential framework. Looking forward, they have the potential to reshape financial reporting too. Recent initiatives to improve...
Persistent link: https://www.econbiz.de/10005063372
This study examines whether accounting changes result in changes in the economic behaviour of financial institutions. The results of several papers examining how banks respond to accounting changes that affect their regulatory capital ratios are consistent with Furfine's (2000) summary that...
Persistent link: https://www.econbiz.de/10005187732
What information about the financial condition of firms is conducive to efficient and stable operation of the financial system and of the economy more broadly? In this essay, we outline the contours of an ideal set of such information, identify existing gaps and propose a way forward to fill...
Persistent link: https://www.econbiz.de/10005187748
I identify issues that bank regulators need to consider if fair value accounting is used for determining bank regulatory capital and when making regulatory decisions. In financial reporting, US and international accounting standard setters have issued several disclosure and measurement and...
Persistent link: https://www.econbiz.de/10005187756