Skip to main content
SpringerLink
Log in

Be careful what you ask for: Is fair value accounting really fair?

  • Proceedings of the second IJDG Conference
  • Published:
International Journal of Disclosure and Governance Aims and scope Submit manuscript

EXECUTIVE SUMMARY

The World Economy is going through a true revolution in financial reporting. Rather than show assets on corporate balance sheets at their original historical cost, companies are being required to determine, and then report, what those assets are worth today. The current term for this new wave of financial reporting is ‘Fair Value’ accounting. Fair Value reporting is being pushed in the name of transparency. In the author's opinion Fair Value accounting is likely to be neither relevant nor reliable, two of the requirements for financial reporting.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

Author information

Authors and Affiliations

  1. Vice Chariman of Marshall & Stevens, Inc., 11102 Fawn Lake Parkway, Spotsylvaina, 22551-4667, VA, USA

    Alfred M King

Authors
  1. Alfred M King
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Alfred M King.

Rights and permissions

Reprints and permissions

About this article

Cite this article

King, A. Be careful what you ask for: Is fair value accounting really fair?. Int J Discl Gov 5, 301–311 (2008). https://doi.org/10.1057/jdg.2008.15

Download citation

  • Received:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1057/jdg.2008.15

Keywords

Search

Navigation