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Present values: A proposed concepts statement
Author(s) -
Brown Victor H.
Publication year - 1998
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970090207
Subject(s) - statement (logic) , accounting , financial statement , financial statement analysis , value (mathematics) , financial accounting , business , actuarial science , computer science , accounting information system , financial ratio , political science , law , audit , machine learning
Financial accounting standards have dealt with the concept of present value for at least three decades. Yet, present value has been applied in an ad hoc, inconsistent way in financial accounting. Recently, the FASB issued a proposed statement to reconcile these problems. The author analyzes the statement and discusses its implications for CFOs.