the Clean Surplus Theory is to estimate the value of a company’s shares (instead of the more lengthy discounted dividend/cash flow approaches. Secondary use would be an alternative to CAPM to estimate the cost of capital. Ohlson’s Clean Surplus Theory provides a framework consistent with the measurement perspective. MV of firm (hence security returns) can be expressed in terms of B/S and I/S components. Theory assumes ideal conditions. Market value of firm = NBV of firm’s net assets + expected
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$900,000 in order to expand the Company. Issues: 1. Does a privately-held company transaction need to be held at fair value? 2. How to record the transaction of land and building for shares? Conclusion: 1. According to paragraph #820-10-30-2 and #820-10-50-2F of the FASB Accounting Standards Codification (ASC), Taylor Company does not need to report the transaction at fair value since a nonpublic entity company does not have to sell assets at the prices they paid to acquire them: Building and
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IFRS 13 Fair value measurement IFRS 13 Fair value values 21st century real estate measurement Implications for the real estate 21st century real estate values and construction industry Implications for the real estate and construction industries Contents 1. Introduction 2. Principal impacts of the new standard 3. The definition of fair value 4. The concept of ‘highest and best use’ 4.1 Assessment 4.2 Valuing the highest and best use — alternative use and asset modifications 4.3 Highest and best
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Ida’s carrying amount may not be recoverable, Ida should test for recoverability under U.S. GAAP. Secondly, as of December 31, 2010, Ida needs to test the U.S. commercial building for recoverability under IFRSs as well. According to International Accounting Standard 36 Impairment of Assets (IAS 36) 8, An asset is impaired when its carrying amount exceeds its recoverable amount. Paragraphs 12-14 describe some indications that an impairment loss may have occurred. If any of those indications is present
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重庆大学本科学生毕业设计（论文） 公允价值计量有助于预测商业银行的盈余信息吗 学 生：蔡林凌 学 号：20100321 指导教师：陆静 专 业：金融学 重庆大学经济与工商管理学院 二O一四年六月 Graduation Design(Thesis) of Chongqing University The Fair Value and Its Predictability on earnings in Banking Industry in China Undergraduate: Cai Linling Supervisor: Prof. Lu Jing Major: Finance School of Economic and Business Administration Chongqing University June 2014 摘 要 早在1970年会计原则委员会（APB）报告书中就出现了公允价值这一概念，96年FASB（美国财务会计准则）对公允价值概念重新界定，美国也一直在推进公
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2010—Pages 93–118 Did Fair-Value Accounting Contribute to the Financial Crisis? Christian Laux and Christian Leuz I n its pure form, fair-value accounting involves reporting assets and liabilities on the balance sheet at fair value and recognizing changes in fair value as gains and losses in the income statement. When market prices are used to determine fair value, fair-value accounting is also called mark-to-market accounting. Some critics argue that fair-value accounting exacerbated the severity
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valuation technique used by FFC c. The classification in the fair value hierarchy for each input into the fair value measurement and how these classifications affects classification in the fair value hierarchy of the entire instrument. We will answer these questions by each instrument separately: First, Collateralized Debt Obligation (CDO) Before September30th, 2010, FFC was in an active market, and it determined the fair value of the CDO by using a market-based valuation technique that relies
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MacDonald’s Corporation Analysis FIN 284 ASSET MANAGEMENT Summer 2005 Submitted by: Anne Orji Chunlei Bao Angelo Zino Efstratios Philippis 1 Table of Contents I. II. III. IV. V. VI. VII. VIII. IX. X. XI. XII. XIII. Executive Summary (includes Asset Allocation to Portfolio) Company Overview Business Description SWOT Analysis (Key Strategies and Risk Factors) Management Operations Analysis Industry and Market Analysis Overview of fiscal year 2004 Outlook for 2005 Financial Results for
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commercial building. Therefore under the U.S. GAAP, Ida needs to test the U.S. commercial building for recoverability. (2) Under IAS 36.12, there are certain external factors that lead you to want to test for recovery such as a decline in market value. The sale of the building across the street is an example of one of those external factors. IAS 36.6 explains impairment and how to record impairment. Under IFRSs IAS 36.66, the recoverable amount of cash-generating units (CGUs) should be determined
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relevant authoritative literature on fair value measurements using the FASB’s Codification Research System at the FASB website (www.fasb.org). Identify the Codification topic number that provides guidance on fair value measurements. FASB ASC 820 fair value measurement and disclosures 2. What is the specific citation that lists the disclosures required in the notes to the financial statements for each major category of assets and liabilities measured at fair value? The specific citation that describes
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