Fair Value Accounting for All Financial Instruments: Perceptions from Managers of Australian Financial Institutions

@inproceedings{Tan2005FairVA,
  title={Fair Value Accounting for All Financial Instruments: Perceptions from Managers of Australian Financial Institutions},
  author={Chyiwoan Tan and Phil Hancock and Ross Taplin and Greg Tower},
  year={2005}
}
The Joint Working Group (JWG) proposal for the measurement of all financial instruments at fair value and the recognition of changes in fair value in the income statement met with criticism from the Joint Working Group of Banking Associations QWGBA). This research study investigates the extent to which chief financial officers in Australian financial institutions agree with the JWGBA. Findings indicated respondents tended to agree, albeit to a lesser extent, with the JWGBA. Conversely, they… CONTINUE READING