Consolidated financial reports should provide a clear and accurate image of the assets, debts, financial situation, profit and loss of the companies comprised within the consolidation process as a whole. They should specify the accounting policies adopted while determining the sums corresponding...

Purpose – This paper seeks to examine the risk relevance of fair value income measures under IAS 39 and IAS 40. Design/methodology/approach – The study sample comprises Jordanian insurance companies. Data were collected from two main sources: Jordanian insurance companies' annual reports,...

Purpose – Profiting from a unique research opportunity in the Portuguese REIFs market, this paper aims to investigate the impact of fund managers ' accounting choice on funds ' returns distribution and analyses the relationship between fair value accounting choice and conditional accounting...

Purpose – The purpose of this paper is to seek to clarify whether the fair value (FV) of Brazilian banks securities is relevant for investors in times of crisis. Design/methodology/approach – The information gathered for 14 quarters, 2007-2010, of a cross-sectional sample of banks was used...

Purpose – The paper seeks to examine fair values provided by the Australian Stock Exchange (ASX) and reported daily in the Australian Financial Review to determine whether they violate fundamental option relationships. Design/methodology/approach – Values reported in the Australian Financial...

Purpose – The purpose of this paper is to investigate the effects of individual provisions of firm‐level shareholder rights on the cost of equity capital in the USA setting. Design/methodology/approach – Prior literature has shown that strong shareholder rights, as measured by aggregated...

Premiums collected when warrants are issued become part of a firm's capital and are taken into account in the valuation of a company. In this paper formulae are developed to fairly value warrants in the case where multiple warrant issues are outstanding, including consideration of issue premiums...

Revaluation of tangible assets, namely the determination of fair value is required to provide a fair image of its financial position and performance. This activity is performed by authorized persons. The value differences may be additional when the fair value is bigger than the book one, or less...

Purpose – With reference to IAS/IFRS, the purpose of this paper is to examine the value relevance of the two amortised cost/fair value measurement methods applied to loans, and test whether loan fair values are an incremental explanatory factor for a bank's stock price, beyond that provided by...