Fair Value Measurement
- Topics:
- Decision Analysis
- Tags:
- Business Operations,
- Corporate Governance,
- Corporate Law,
- Finance,
- Financial Accounting,
- Financial Accounting Foundation,
- Pronouncement,
- Value
- Source:
- Financial Accounting Foundation
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Overview: The objective is to develop a Statement that will establish a framework for measuring fair value under other pronouncements that require fair value measurements, codifying the guidance for measuring fair value in those pronouncements (Fair Value Statement). The Statement, which will be developed in phases, will focus on how, not when, to measure fair value. The Board will continue to address the issue of when to measure fair value on a project-by-project basis. The Board’s longer-term objective is to improve its conceptual framework, developing conceptual guidance for it to use in determining “when” to measure fair value that will focus on how the qualitative characteristics of relevance and reliability should be applied in making that determination.
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Format: HTML | Date: Sep 2003 | Pages: 1
