公允價(jià)值會(huì)計(jì)【外文翻譯】 (2)

1、本科畢業(yè)設(shè)計(jì)（論文）外文翻譯外文題目FairValueAccounting外文出處FairValueAccounting[J].FederalReserveBulletin2005.91(1):26—29.外文作者蘇珊.施密特原文原文:FairFairValueValueAccountingAccountingAdaptedfromremarksbySusanSchtBies，Member，BoardofGovernsoftheFede

2、ralReserveSystem，totheInternationalAssociationofCreditPtfolioManagersGeneralMeeting，November18，2004.Goodmning.IappreciatetheopptunitytoparticipateinyourFallGeneralMeeting.AsmycolleaguesattheFinancialAccountingStardsBoard

3、(FASB)theInternationalAccountingStardsBoard(IASB)willagree，fairvalueaccountingposesmanychallengeshassparkedsignificantindustrydebate.ThesubjectoffairvalueaccountinghasbeendiscussedintheUnitedStatesfwelloveradecade.Advoca

4、tesoffairvalueaccountingbelievethatfairvalueisthemostrelevantmeasureffinancialrepting.Othersbelievethathisticalcostprovidesameusefulmeasurebecauseitmeclearlyrepresentstheeconomicsofbusinessperfmancebecausefairvalueestima

5、tesnotbereliableverifiable.So，whichismeappropriate—fairvaluehisticalcostLetmesharewithyoutheFederalReserveslongstingpositiononthisissue.AsasupervisoftheU.S.bankingsystem，wewanttoensurethatfinancialinstitutionsfollowsound

6、accountingpoliciespractices.Wecontinuetosupptimprovedtransparencyenhancedfinancialdisclosures，whichpromotemarketdisciplineprovideusefulinfmationtodecisionmakers.Wealsosupptfairvalueaccountingfassetsliabilitiesusedinthebu

7、sinessofshttermtradingfmakingprocess.However，becausemanyassetsliabilitiesdonothaveanactivemarket，theinputsmethodsfestimatingtheirfairvaluearemesubjective，therefe，thevaluationslessreliable.ResearchbyFederalReservestaffsho

8、wsthatfairvalueestimatesfbankloanscangreatlydependingonthevaluationinputsmethodologyused.Fexample，observedmarketratesfcpatebondssyndicatedloanswithinlowerratedcategieshavevariedbyasmuchas200to500basispoints.Suchwiderange

9、soccureveninthecaseofsenibondsloanswhenobligsarematched.TheFASBstatementontheproposedfairvaluestardsuggeststhatreliabilitycanbesignificyenhancedifmarketinputsareusedinvaluation.However，becausemanagementusessignificantjud

10、gmentiningmarketinputswhenmarketpricesarenotavailable，reliabilitywillcontinuetobeanissue.Theproposalidentifiesthreelevelsofestimates，withthelowestpriitygiventolevel3estimates.Theseestimatesarenotbasedonquotedpricesinacti

11、vemarketsfeitheridenticalsimilarassetsliabilities，butratheronmarktomodelestimates.Theproposalsuggeststhattheuseofmultipleapproaches，suchasthemarket，income，replacementcostmethods，willimprovereliabilityoftheseestimates.How

12、ever，thenumberofapproachesaddslittletoreliabilityifallthemethodsarebasedonthesameunderlyinginfmation，aswouldoftenbethecaseffinancialinstruments.Inourroleasabanksupervis，wehaveobservedthatminchangesinanumberofassumptionsi

13、napricingmodelcanhaveasubstantialeffect.Generally，wearecomftablewiththefairvaluemeasurementprocessfliquidtradinginstrumentsthatfinancialinstitutionshavehadsignificantexperienceinvaluing.However，webelieveflessliquidassets