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FAS 107: How to avoid the pitfalls of fair value accounting
Author(s) -
Smith Edward F.
Publication year - 1993
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970040308
Subject(s) - fair value , value (mathematics) , accounting , business , tread , law and economics , actuarial science , economics , mathematics , statistics , chemistry , natural rubber , organic chemistry
FAS 107 requires all companies to disclose the fair value of financial instruments. But, the author warns, you should tread very carefully here. Fair value estimates can be very subjective. How can you implement FAS 107 without getting into trouble?.