公允价值会计外文文献翻译财务2014年译文3200字Word格式文档下载.docx

公允价值会计外文文献翻译财务2014年译文3200字Word格式文档下载.docx

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finance,2014,19（3）:

577-605s

（声明：

本译文归百度文库所有，完整译文请到百度文库。

）原文

Theinfluenceoffairvalueaccountingonthebankingindustry

Abstract

BarthME,LandsmanWR

Sincetheeightiesofthetwentiethcentury，FASBandIASBdecidedtosparenoefforttopromotetheapplicationofthefairvalueinaccountingstandardsinordertoreducethefinancialrisksfromFinancialderivatives.However,bankingandfinancial

regulatoryauthoritieshavequestionedthereliabilityoffairvalue.Inaddition,theyhavethoughtthattheapplicationofthefairvaluewillincreasethevolatilityoffinancialsituationandbusinessperformance;

andthen,itcanaffectthestabilityoffinancialsystem.In2007,theoutbreakofsub-primemortgagecrisismadefairvaluebecomeahottopic.Basiceconomictheoryusingfairvalueaccountingforfinancialinstitutionsforfinancialreportprovidesareasonablebasis（Heatonetal.,2010）.Theso-calledFairValue（FairValue）isintheprocessoftradingassetsorliabilities,familiarwiththemarketsituationofthevoluntaryexchangeassetsordebtliquidationidentifiedprice.Asarelativelynewmeasurementmodel,fairvaluecanprovidemorereal-time,usefulinformationtomarketparticipants,andthusmorevaluable.

Keywords:

Fairvalue;

Banking;

Financialinstruments.

1Introduction

Inthetraditionaleconomicenvironment,historicalcosthasbeeninaleadingposition.Inexternalmarketpriceisrelativelystable,cangenerallyaccompaniedbyrisksandrewardsofcompletetransferdeals,thehistoricalcost,despiteofitsrationality.Andfinancialaccountingemphasizesthefiduciaryresponsibility,paymoreattentiontothereliabilityoftheaccountinginformationauthenticity,historical

costmeasurementcanmeetthedemandofthiskindofinformationtoacertainextent.Historicalcostmeasurement,however,isnotperfect,beganinthelate60sinflation,saidwithnominalcurrencynon-monetaryassetscontinuetorise,themarket

priceofthebookvalueismuchlowerthanmarketprice,therefore,onthebasisofthehistoricalcostfinancialstatementstodistorttherealperformanceofenterprisemanagement.Throughfurtherresearch,pointsoutthatafterthe1980sduetotherapiddevelopmentofthefinancialinstruments,financialassetsandfinancialliabilitiesofpricefluctuationsisveryintense,onthebasisofthehistoricalcostmeasurementmodelcan'

treflectthemarketfluctuationscausedbypricefluctuations,therefore,fairvalueaccountingarisesatthehistoricmoment.Inaddition,fromthefiduciarydutytodecision-makingusefulaccountingtargetalsocreateconditionsfortheemergenceofthefairvaluemeasurement.

Differentaccountingobjectivesisdifferenttotherequirementofmeasurement,the decision-making useful concept requires fair value,the historical costmeasurementandtheconceptoffiduciarydutyrequirement.Aboutthecausesofthefairvalueaccounting,manyscholarsbelievethatfairvaluetotheattentionoftherelevanceofaccountinginformationqualityisthemain reason.Thisisbecause,theusefulnessofaccountinginformationisafunctionofrelevanceandreliability.Differentusersofaccountinginformationundertheenvironmentofthereisadifferenceontherelevanceandreliabilityrequirements.Wheninterestratesandassetvaluessteady,thehistoricalcostcanbeonthepremiseofguaranteethereliabilityofmeettherelevantrequirements.Withthedevelopmentofknowledgeeconomyandtheapplicationoffinancialinstruments,interestrateandassetvaluesestablishedstablethisassumptionisnolonger,thecorrelationofaccountinginformationusersofaccountinginformationdemand.

2Inthebankingindustryfacedbytheuseoffairvalueaccountingproblems

Theapplicationoffairvalueaccountinginthebankingsectorafterafromtabletotable,fromsimpletocomplex,fromaspecificfinancialinstrumentstotheentireprocess,sothatallassetsandliabilitiesoffinancialinstruments.Buttheapplicationoffairvalueaccountingisnotplainsailing,bankersandregulatorsstronglyopposedto

thefairvalueofsharplycriticizedtheshowtheshortcomingsinthepracticalapplication.Pointsoutthat,duetotheuseoffairvalueaccounting,financialinstrumentsduringthesurvivingcausedbychangesintheprofitandlossmaynotbeabletoprovideveryrelevantinformationmayevenusepersonnelmisleadingstatements.

Thisviewinthesubprimemortgagecrisisin2008for."

Apocalypseoftheussubprimecrisistoourcountrythearticlementionedthatusfinancialgiantsblamesaid,accordingtothefairvalueofasset-backedsecurities（ABS）,mortgagebackedsecurities（MBS）andcollateraliseddebtobligation（CDO）measuredgrades:

debtprodu