The Evolution of the Fair Value Accounting – A Response to the Global Financial Crisis

Stoica Anamaria () and Buculescu (Costicã) Maria Mãdãlina ()
Additional contact information
Stoica Anamaria: The University of Economic Studies, Faculty of Accounting, Bucharest
Buculescu (Costicã) Maria Mãdãlina: The University of Economic Studies, Faculty of Accounting, Bucharest

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 591-596

Abstract: The global financial crisis is a reminder of the fact that no matter how much we know, we don’t know enough. Starting from this statement, the current research paper aims to observe the evolution of the concept fair value accounting and to analyze it from a cause - effect perspective, in the context of the global financial crisis. On the one hand, from a cause perspective, the paper analyzes the opposite opinions present in the specialty literature regarding the influence of this valuation method in the evolution of the crisis. On the other hand, from an effect perspective, the authors focused on the related legislation and upon the evolution of standards issued by the regulatory institutions, at a global level.

Keywords: fair value; financial crisis; IFRS 13; FASB; IASB (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/RO/cuprins% ... 4%20issue_2_2014.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:591-596

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().