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Thesis University of Iceland > Félagsvísindasvið > B.A./B.Ed./B.S. verkefni - Félagsvísindasvið >

Please use this identifier to cite or link to this item: http://hdl.handle.net/1946/4234

Title: 
  • Title is in Icelandic Fair value accounting
Abstract: 
  • Abstract is in Icelandic

    The thesis is devoted to fair value accounting. Fair value accounting implies that
    assets and liabilities get measured and reported in firm´s financial statements at their
    market value.
    The purpose of the thesis is to analyze the conceptual foundations of fair value
    accounting.
    The thesis is organized in the following way. First, origins and development of
    fair value accounting are discussed. Second, overview of fair value accounting is
    presented. The overview includes definition of fair value, measurement and disclosure
    of fair value and its impact on financial statements. Thirdly, opposite viewpoints on
    fair value accounting are presented, including comparison of fair value accounting and
    historical cost accounting and brief overview of other measurement bases. Finally, the
    last part deals with the current financial crisis and role of fair value accounting in it.
    Recent developments under US GAAP and IFRS are presented.
    The thesis is based on various textbooks and articles in periodicals. Some
    information was found on the internet, on the official website of IFRS, US GAAP, and
    on other websites.

Accepted: 
  • Jan 8, 2010
URI: 
  • http://hdl.handle.net/1946/4234


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