TY - JOUR
T1 - Fair value accounting for all financial instruments
T2 - Perceptions from managers of australian financial institutions
AU - Tan, Chyiwoan
AU - Hancock, Phil
AU - Taplin, Ross
AU - Tower, Greg
PY - 2005/7
Y1 - 2005/7
N2 - 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 also agree with the JWG, as they believe fair-value information is not commercially sensitive and could be reliably determined.
AB - 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 also agree with the JWG, as they believe fair-value information is not commercially sensitive and could be reliably determined.
UR - http://www.scopus.com/inward/record.url?scp=77954419344&partnerID=8YFLogxK
U2 - 10.1111/j.1835-2561.2005.tb00295.x
DO - 10.1111/j.1835-2561.2005.tb00295.x
M3 - Article
SN - 1035-6908
VL - 15
SP - 79
EP - 88
JO - Australian Accounting Review
JF - Australian Accounting Review
IS - 36
ER -