下载此文档

公允价值的披露,告诉我更多【外文翻译】.doc


文档分类:法律/法学 | 页数:约15页 举报非法文档有奖
1/15
下载提示
  • 1.该资料是网友上传的,本站提供全文预览,预览什么样,下载就什么样。
  • 2.下载该文档所得收入归上传者、原创者。
  • 3.下载的文档,不会出现我们的网址水印。
1/15 下载此文档
文档列表 文档介绍
外文文献翻译译文
原文:
Fair Value Disclosures—Tell Me More
On benefit plans’financial statements, footnotes about the fair value of plan investments are ing longer and plex just as market volatility and alternative investments make it more difficult to determine fair value. The call for more transparency is resulting in further guidance from the Financial Accounting Standards Board that may make those footnotes even longer. The author provides a history of how fair value has been defined and recent updates to accounting standards, and discusses what lies ahead.
Do you think you’ve had about enough of the fair value disclosures that your benefit plan makes? Brace yourself. In 2010, two more updates were released that may require even more lengthy plex footnotes to the financial statements than ever before.
A Little History
Because there were different definitions of fair value and limited guidance for applying those definitions that were dispersed through many accounting pronouncements, the Financial Accounting Standards Board (FASB) worked for some time to update its guidance on fair end result was Statement of Financial Accounting Standards No. 157, Fair Value Measurements (now codified under the FASB Accounting Standards Codification as ASC 820). It was issued in September 2006 and became effective in November 2007.
The new standard defined fair value. Simple, right? There were no new requirements to report items at fair value, just a useful definition when an item is required to be reported at fair value under another accounting standard. FASB’s efforts were intended to clarify how to measure fair value so that financial statements were consistent parable across the board. Although the new standard retained the exchange price notion in earlier definitions of fair value, it clarified that the exchange price is the price in an orderly transaction between market participants to sell the asset. The definition
focused on the price that would be received to s

公允价值的披露,告诉我更多【外文翻译】 来自淘豆网www.taodocs.com转载请标明出处.

非法内容举报中心
文档信息
  • 页数15
  • 收藏数0 收藏
  • 顶次数0
  • 上传人问道九霄
  • 文件大小0 KB
  • 时间2012-04-13
最近更新