Fair value accounting for all financial instruments: Perceptions from managers of australian financial institutions

Chyiwoan Tan; Phil Hancock; Ross Taplin; Greg Tower

doi:10.1111/j.1835-2561.2005.tb00295.x

Fair value accounting for all financial instruments: Perceptions from managers of australian financial institutions

Chyiwoan Tan
, Phil Hancock
, Ross Taplin
, Greg Tower

Research output: Contribution to journal › Article › peer-review

4 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	79-88
Number of pages	10
Journal	Australian Accounting Review
Volume	15
Issue number	36
DOIs	https://doi.org/10.1111/j.1835-2561.2005.tb00295.x
Publication status	Published - Jul 2005

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abstract = "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.",

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Fair value accounting for all financial instruments: Perceptions from managers of australian financial institutions

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