Since the late 1970s, private equity has become an increasingly important financial asset class with significant economic impact. The article addresses private equity characteristics, delineates how fair value accounting practices entered the industry, and empirically examines the implications of fair value...
PE managers always have had difficulty estimating the fair value of investments. For private equity funds that prepare financial statements in accordance with GAAP, the AICPA Audit and Accounting Guide,Investment Companies,provides the primary guidance on valuing investments. Many private equity funds, p...
The choice between fair value and historical cost accounting is the subject of long-standing controversy among accounting academics and regulators. Nevertheless, the market-based evidence on this subject is limited. We study the choice of fair value versus historical cost accounting for non-financial ...
Independent valuation fair value service; venture capital, private equity, private debt for general partners, asset management funds and institutional investors.
Private Equity Fair Value Measurement: A Critical Perspective on IFRS 13 In this paper, we discuss IFRS 13 Fair Value Measurement with regard to private equity valuation. We raise issues on the fair value definition as an exit p... V Palea,R Maino - 《Australian Accounting Review》 被引量...
Fair value measurement services Purchase price allocation for business combinations for ASC 805 Impairment testing of definite-lived and indefinite-lived assets (ASC 350/360) Complex financial instruments including derivatives and stock compensation Fresh start accounting following bankruptcy emergence Tangi...
They have expressed their concerns for the need to correct the unintended consequences of mark-to-market accounting, especially related to determining fair value for illiquid assets in unstable markets, and the need for enhanced transparency in the form of more meaningful disclosures.The FASB, the ...
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Debate on fair value accounting Over the last two decades, accounting standard-setters have issued many new standards for the use of FV in measuring assets and liabilities. This has been described as a paradigm shift (Barlev and Haddad, 2003; Hitz, 2007) in which historical cost accounting ...
Many authors claim that fair value accounting based information is relevant and helpful for investors even if this approach makes a large use of unobservable inputs (Barth, 1994; Barth and Clinch, 1998; Barth, 2010). In our perspective, in case of lack of market values directly observable, ...