The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
Transactions ID Number: 20-845
Full Name: Jiri Strouhal
Position: Senior Lecturer
Age: ON
Sex: Male
Address: University of Economics Prague, W. Churchill Square 4, 130 67 Prague 3
Country: CZECH REPUBLIC
Tel: +420224095794
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E-mail address: strouhal@vse.cz
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Title of the Paper: Fair Value Accounting: Political Obstacles?
Authors as they appear in the Paper: Jiøí Strouhal, Carmen Bonaci, Nicolae Pasca, Jiøina Bokšová
Email addresses of all the authors: strouhal@vse.cz, carmen.bonaci@econ.ubbcluj.ro
Number of paper pages: 8
Abstract: Paper discusses accounting for financial instruments as well as their fair value, documenting how they tend to create obstacles in terms of the worldwide globalization process. More precisely, we focus on analyzing the amendment to IAS 39 for reclassifications of financial assets. Two objectives are being followed: to consider the amendment and its implications from the standard setting point of view and to afterwards quantify its effect on the EU companies. The first objective is reached by concluding that the amendment significantly altered IASB's credibility, while the second failed in completely convincing us about the economic grounding of the amendment.
Keywords: Fair value, financial instruments, reclassification, international harmonization, IASB, globalization
EXTENSION of the file: .pdf
Special (Invited) Session: Fair Value and Financial Instruments: Some Obstacles Again?
Organizer of the Session: 510-211
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