- DokumentWhy Does Aggregate Earnings Growth Reflecthochgeladen vonAnonymous IhnJWRx
- DokumentED PSAK 3 (R10) Laporan Keuangan Interim.pdfhochgeladen vonAnonymous IhnJWRx
- Dokument25_Buku_Perencanaan_Keuangan.pdfhochgeladen vonAnonymous IhnJWRx
- DokumentThe Effects of a Legal Process on Management Ofhochgeladen vonAnonymous IhnJWRx
- DokumentRobust Methodhochgeladen vonAnonymous IhnJWRx
- DokumentNon-financial Factors in the Going-concern Opinionhochgeladen vonAnonymous IhnJWRx
- DokumentBias Daripenggunaan Model Dimbarhochgeladen vonAnonymous IhnJWRx
- Dokumentpsikotest.pdfhochgeladen vonAnonymous IhnJWRx
- DokumentConceptualizing Smart City with Dimensions of Technology, People, and Institutions.pdfhochgeladen vonAnonymous IhnJWRx
- Dokumentteori akuntansi dan akuntansi multiparadigma.pdfhochgeladen vonAnonymous IhnJWRx
- DokumentStandard setters contend that fair value accounting yields the most relevant measurement for financial instruments. We examine this claim by comparing the value relevance of banks’ financial statements under fair value accounting with that under current GAAP, which is largely based on historical costs. We find that the combined value relevance of book value of equity and income under fair value is less than that under GAAP. We also find that fair value income is less value-relevant than GAAP income because of the inclusion of transitory unrealized gains and losses in fair value income. More surprisingly, we find that book value of equity under fair value is not more valuerelevant than under GAAP, due both to divergence between exit value and value-in-use and to measurement error in fair value estimates. Overall, our results suggest that financial statements under fair value accounting provide less relevant information for bank valuation than financial statements under current GAAP.hochgeladen vonAnonymous IhnJWRx
- DokumentCollins 1979hochgeladen vonAnonymous IhnJWRx