Fair Value Measurement: Intricacy and Responsibility

Dobre Elena ()
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Dobre Elena: Faculty of Economics, Ovidius University, Constanta

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 489-494

Abstract: Fair value is still a novelty in the field of accounting valuation, because of the application of IFRS 13. Banking accounting professionals are interested in the measurement of the fair value of financial instruments. In banking, an efficient way to control risks is always necessary. This paper is the second part of a larger endeavor aimed at explaining valuation techniques used in the hedging of price risks. The special purpose and research question is to discover the level of assimilation of good practices in the fair value field before the issuing IFRS13. This study is based on the case of Dexia BIL’s restructuration. The qualitative approach follows the critical research method of a case study. The core of the paper is about the fair value measurement of retail and private banking businesses. The findings are revealing of critical aspects and risks and are quite interesting for professional groups such as banking managers, accountants and also for students or trainees.

Keywords: fair value measurement; valuation techniques; financial crisis; restructuration plan; intricacy and responsibility (search for similar items in EconPapers)
JEL-codes: G21 G23 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:489-494

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