There are two important points in which in which we need assets and liabilities measured in financial accounting: on … initial recognition and at a balance sheet day. Many International Financial Reporting Standards (IFRS) used the fair value … Financial Accounting – Measurement on Initial Recognition (2005)” which proposed fair value measurement on initial recognition …

We examine the effects of fair-value accounting (FVA) and historical-cost accounting (HCA) regimes on the ex … accounting regime, in particular the sub-optimal continuations under the HCA regime and contagion-induced sub …