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《歷史成本計(jì)量模式與公允價(jià)值計(jì)量模式的戰(zhàn)略影響【外文翻譯】》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫。
1、外文翻譯StrategicConsequencesofHistoricalCostandFairValueMeasurementsMaterialSource:http://www.personal.psu.edu/sjh11/ACCTG597E/Class21/ReisStockCAR07.pdfAuthor:RICARDOF.REIS、PHILLIPC.STOCKENIntroductionTheFinancialAccountingStandardsBoard(FASB)recentlyreleasedanexposuredraftonfairvaluemeasurement
2、stoimprovetheconsistency,reliability,andcomparabilitywithwhichfinancialandnonfinancialassetsandliabilitiesarereported.Itdefinedfairvalueas“thepriceatwhichanassetorliabilitycouldbeexchangedinacurrenttransactionbetweenknowledgeable,unrelatedwillingparties”(FASB2004,para.4).Becausetheobjectiveoff
3、airvaluemeasurementistoestimateanexchangepriceintheabsenceofanactualtransaction,theFASBgrappledwiththereliabilityoffairvaluemeasures,thereliabilityofthesemeasurescomparedwiththereliabilityofothermeasuresbasedonjudgmentsandestimates,andthecausesofunreliablemeasures.Inlightoftheseconcerns,itcall
4、edforfeedbackonwhetherfirmscanconsistentlyapplythefairvaluemeasurementsoutlinedintheexposuredraft.Thispaperexaminesthemeasurementofnonfinancialassetsinimperfectlycompetitivemarkets.Italsoconsiderstheeffectofalternativemeasurementsonfirms’investingandoperatingactivities.Implementingfairvaluemea
5、surementrequiresaprepareroffinancialstatementstoestimateanexchangeprice.Thisestimate“isdeterminedbyreferencetoacurrenthypotheticaltransactionbetweenwillingparties”(FASB2004,para.5).Intheabsenceofanactualtransaction,theexposuredraftproposesahierarchyofinformationinputsthatshouldbeusedtoestimate
6、fairvalue.Thehierarchyassignsthehighestprioritytomarketinputsthatreflectquotedpricesinactivemarketsandthelowestprioritytoinputsbasedonafirm’sownestimatesandassumptionsusingvaluationtechniquesconsistentwiththemarketapproach,incomeapproach,andcostapproach.Themarketapproachusespricesgeneratedbyac
7、tualtransactionsinvolvingidenticalorsimilarassetsorliabilities;theincomeapproachusestechniquesthatdiscountfutureexpectedcashflowsorearnings;andthecostapproachconsiderstheamountrequiredtoreplaceanasset’sservicecapacity.Toexaminemeasureme
