Home  Journals  International Accounting  32(182) - 2011 August

Fair value measurement of financial instruments under circumstances of convergence US GAAP and IFRS

Available online: 1 September 2011

Subject Heading: ON THE WAY TO THE INTERNATIONAL STANDARDS

JEL Classification: 

This article is about issues of fair value measurement of financial instruments and classification of financial instruments within fair value hierarchy. US GAAP and IFRS approaches to measurement of fair value are summarized in view of development of joint accounting standard «Fair value measurement». It’s offered to expand requirements to disclosure of fair value measurement of financial instruments. It will assist financial reporting to become more transparent and relevant to users.

Keywords: fair value, financial instruments, hierarchy, information disclosure

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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