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Valuation for Financial Reporting
By: Michael J. Mard , James R. HitchnereBook Publisher: John Wiley & Sons
Imprint: Wiley
Format: ePub Encrypted (DRM)
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Praise for Valuation for Financial Reporting, Third Edition
"Writing a book on financial reporting is a challenge in and of itself, let alone to focus on the shifting sands of valuation in financial reporting. Yet, Mard and company have done it again, and this time, it is even more user-friendly, easy to read, and topical. If you intend to wade into the swift currents of providing valuation services for financial reporting, you must have Valuation for Financial Reporting in your library or on your desk!" —Neil J. Beaton, CPA/ABV, CFA, ASA, National Partner in Charge of Valuation Services, Grant Thornton, LLP
"I really like the flowcharts. The authors take the complex world of fair value measurement for business combinations and convert it to easily understandable and usable flowcharts, worksheets, and checklists." —Gordon Goodman, Trading Control Officer, Occidental Petroleum, and member of the FASB Valuation Resource Group
"The comments on efficient markets and faithful representation in the first chapter were very (very) helpful and well written. Masterful! Great book and I look forward to adding it to the library!" —Robin E. Taylor, CPA/ABV, CFE, CVA, CBA, Dixon Hughes PLLC, and Chairman, AICPA Business Valuation Committee
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| Title of Business & Economics eBook: Valuation for Financial Reporting | |
| Release Date: 11-02-2010 | |
| Publisher: Wiley |
This eBook download is available in the following formats:
| Parent title | Valuation for... |
|---|---|
| Encrypted (DRM) | Yes |
| SKU | 9780470933350 |
| File size | 3603 |
| Internet Security | n/a |
| Printing | Not allowed |
| Copying | Not allowed |
| Read aloud | No Sys requirements Download reader |
| Devices | Samsung Tablet, Apple Ipad & Iphone, Barnes & Noble Nook, Kobo eReader, Aluratek Libre, Iliad, Nokia, Blackberry, Hanlin |
| Note | ePub, short for electronic publication is one of our favorites and should be yours for a couple of reasons. ePub offers reflowable text giving you flexibility to manipulate how the content is presented. Moreover, lots of cool features are now being developed for the reader like advanced video and audio. ePub is now an industry standard, so all of the "non-propreitary" hardware manufacturers are now supporting it. |
Valuation for Financial Reporting
Chapter One
Fair Value Measurements and Financial ReportingFinancial Reporting and the Current Environment
Fair value is here to stay and fair value measurements are becoming a pillar of accounting and auditing. The accounting model has changed. No longer is accounting based solely on historical cost; in fact, it never was. It has always been a mixed-attribute system; a little historical cost here and a little fair value there. The more pronounced change, however, has been from hierarchal guidance that was predominantly rules-based to principles-based guidance. Accounting has always been regulatory driven. Until now, professionals could cite a specific rule to document compliance, a "one size fits all." Now, though, the citations must be principles driven—"do what's right given the circumstances."
Financial accounting and reporting are in the midst of one of the most significant revolutionary changes in modern history.... We are moving from an accounting paradigm that existed in the age of an industrial economy to an accounting paradigm that fits the economy in an information age. This redirection has resulted in the following: a change in the conceptualization and application of relevance and reliability, an increased use of fair value versus historical cost measurements, a renewed emphasis on principles versus rules, and an evaluation of the composition of the basic financial statements.
In the paper Understanding the Changes in Accounting Thought, Professors of Accountancy Rebe
...Read full excerpt from Valuation for Financial Reporting ebook
