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This chapter describes different accounting standards for available‐for‐sale (AFS) financial assets. According to the accounting standards, AFS financial assets are those non‐derivative financial assets that are designated as available for sale or are not classified as loans and receivables, held‐to‐maturity investments, or financial assets at fair value through profit or loss. Equity instruments...
One consequence of the shift to fair value measurement is the emergence of voluntary disclosures in audited financial statements that question the reliability of mandated fair value information. We refer to these disclosures as reliability disavowals. We examine stock option volatility estimates disclosed under SFAS 123 and test whether disavowals are informative (opportunistic) by examining whether...
Decision usefulness of accounting information has two aspects: relevance and reliability. Fair value is undoubtedly better than the historical cost in relevance, but, suspected frequently in reliability. Technically, fair value accounting information can be both relevant and reasonably reliable. However, the production and disclosure of accounting information has never been a purely technical issue...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.