Yonetani, Tatsuya; Katsuo, Yuko - Bank von Japan; Tokio / Tokio-Universität; London … - 1998
Advocates of fair value accounting believe that fair valuesprovide more relevant measures of assets, liabilities …, andearnings than do historical costs. These advocates assertthat fair value accounting better reflects underlying economicvalues … Accounting Standards Committee(IASC) in March 1997. The IASC requires that allassets and liabilities be recognized at fair value …