Old price or new?

Article Abstract:

The financial community remains divided over what method to use in measuring financial instruments, whether fair value or historical cost. Those advocating fair value contend that critical changes often occur in very short periods in the current economic environment, thus underscoring investors' and creditors' need for information that will help then assess the impact of a decision to hold or sell an asset or continue to owe or settle a liability. Those in support of historical cost-based information point out that this model focuses on the decisions and resulting actions.

Financial Management NEC, Management, Measurement, Investments, Financial instruments, Financial management

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Fair debate for fair value

Article Abstract:

The revisions which have been proposed by the Canadian Accounting Standards Board, the International Accounting Standards Committee and the US Financial Accounting Standards Board for the preparation of financial statements are discussed.

International Accounting Standards Board, Financial Accounting Standards Board

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Peaks - and valleys: standard-setters in the "G4+1" are considering which components of financial performance should be presented in the income statement

Article Abstract:

The elements of financial performance that should be presented in a company's income statement are considered. Particular attention is given to the work of accounting standard-setters in Canada, the UK, Australia, New Zealand and the US.

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