理論視角下利于決策的公允價(jià)值會計(jì)研究【外文翻譯】

1、外文文獻(xiàn)翻譯外文文獻(xiàn)翻譯原文：TheDecisionUsefulnessofFairValueAccounting–ATheeticalPerspectiveABSTRACTR:egulatssuchastheSECstardsettingbodiessuchastheFASBtheIASBarguethecaseftheconceptualdesirabilityoffairvaluemeasurementnotablyonthere

2、levancedimension.Recentstardsonfinancialinstrumentscertainnonfinancialitemsadoptthenewmeasurementparadigm.Thispapertakesissuewiththenotionofdecisionusefulnessofafairvaluebasedreptingsystemfromatheeticalperspective.Emphas

3、isisputontheevaluationofthetheeticalsoundnessoftheargumentsputfwardbyregulatsstardsettingbodies.Theanalysisisconductedaseconomic(aprii)analysis.Twoapproachestodecisionusefulnessareadoptedthemeasurementvaluationperspectiv

4、etheinfmationperspective.Findingsindicatethatthedecisionrelevanceoffairvaluemeasurementcanbejustifiedfrombothperspectivesyettheconceptualcaseisnotstrong.Theinfmationaggregationnotionthatunderliesstardsetters’endsementoff

5、airvaluemeasurementturnsouttobetheeticallyrestrictedinitsvalidityapplicability.Alsocomparativeanalysisoffairvalueaccountingvs.histicalcostaccountingyieldsmixedresults.Oneimmediateimplicationoftheresearch–aconditionfthefu

6、rtherimplementationoffairvalueaccounting–istheneedtoclarifystardsetters’notionofaccountingincomeitspresumedcontributiontodecisionrelevanceitsdisaggregation1.FairValue:DefinitionEstimationDespitedifferentwdingthedefinitio

7、nsmeaningsoftheterm‘fairvalue’arebasicallyequivalentinFASBIASBpronouncements.ThegeneralFASBdefinitioninSFACNo.7hasrecentlybeenoverhauledbythenewStardSFAS157FairValueMeasurementswhichstatesinpara.5:‘Fairvalueisthepricetha

8、twouldbereceivedtosellanassetpaidtotransferaliabilityinanderlyfinancialinstrumentsacceptedmethodscanbefoundinthemarketplace.Fnonfinancialitemsfairvalueestimationrestsonapresentvalueapproach.SFACNo.7SFAS157withmodificatio

9、nsIAS36developtheprinciplesmethodsfsuchmeasurements.Notablytheyadoptan‘economic’viewonmeasurementclearlygroundedinmodernneoclassicalfinancetheydistinguishtraditionalfromexpectedcashflowresidualearningsapproaches.Tosummar

10、izefairvaluerepresentsaspecificcurrentvaluethatisexitvalueunderidealizedconditions.Estimationfollowsathreetierprocesswithastrictpreferencefmarketbasedmeasures.2.EvolutionImplementationoftheFairValueParadigmThemovetowards

11、fairvaluemeasurementresultsfromtheadoptionofthefairvalueparadigmbystardsettingbodiessuchasFASBIASB.Attherootsofthedevelopmentliestheperceivedinsufficiencyofthethenpredominantreptingmodelthesocalledrevenue–expenseapproach

12、whichisusuallytracedtothePatonLittleton(1940)monograph.8DeficienciesofthisapproachhadbeenidentifiedbytheFASBalreadyatthebeginningofthe1980sresultedinageneraloverhauloftheaccountingmodel.Themovetowardsfairvalueaccountingt

13、herefefitsintoamegeneraldevelopmenttheadoptionofthesocalledassetliabilitybalancesheetapproach.Themainpropertyhereisanincomedefinitionthatanchsonchangesinassetsliabilitiesratherthanonthe328J.M.Hitzvaguenotionof‘nondisttio

14、n’(Bevis1965p.104)whichhadincreasinglybeenperceivedasapretextfdiscretionarydefinitionsofbalancesheetpositions.9Additionallyresearchersregulatsfeltuncomftablewithabalancesheetthathadnoinfmativepurposeofitsown.10TheFASBthe

15、refeadoptedthenewassetliabilityapproachwithSFACNo.3in1980(SFACNo.6in1985)whichimplementseconomicsbaseddefinitionsofassetsliabilitiesthatrefertofutureeconomicbenefitsoutflowsofthosebenefitsrespectivelylinksincomestrictlyt