完全公允價值會計時代的到來【外文翻譯】

1、本科畢業(yè)論文（設(shè)計）外文翻譯外文出處BankAssetLiabilityManagement2009(10):78外文作者loHanselman原文：原文：FullFairValueAccounting:ItsTimeHasComeExecutiveSummary:Itistimetoevaluatefairvalueaccountingobjectivelybyreturningtotheconceptualrootsofourmod

2、ernaccountingframewkdebunkingcertainfalsedoctrines.Analyzingtheconceptualintegrityoffairvaluecomparedtohisticcostaccountingdemonstratestheclearsuperiityoffairvaluemeasurementrepting.Truecapitaladequacycanonlybeertainedon

3、ariskadjustedbasis.Thestartingpointfsuchneededsoundriskadjustmentisreflectingchangesinmarketvaluesfallassetsliabilitiestodeterminetheeconomicvalueofequity.Fullfairvalueaccountingwithappropriatelydetaileddisclosuresshould

4、berequirednowfallreptingentitiesfallassetsliabilities.Sucharequirementalsowouldresultinequitystatedonafullfairvaluebasis.Histicalcostshouldbeproperlyrelegatedtonomethanfootnotedisclosure.Fullfairvalueaccountingsharpensin

5、vestmanagementfocusonlongtermriskadjustedganizationalperfmancetheoptimizationofeconomicvalueofequity.Fullfairvalueaccounting…itstimehascome!Fairvalueaccountingonceasubjectrelegatedfdiscussionbythegreeneyeshadethepocketpr

6、otectcrowdhasmovedfromaccountingcubiclestoMainStreetthepoliticalpowercridsofAmerica.Muchhasrecentlybeenwrittenaboutit.Muchconversationhasbeenheld.Theissuehastakenonpartisantoneswithbothstaunchproponentsdeterminedwellfund

7、edopponentsraisinguptheirvoices.Tostthroughthisrheticitistimetolookatfairvalueaccountingobjectivelybyreturningtotheconceptualrootsofourmodernaccountingframewkdebunkingcertainfalsedoctrinesespousedbyfairvalueaccountingcri

8、tics.AsConvergeU.S.accountingstardswithemerginginternationalaccountingstards.AsU.S.companiescompeteinaninterdependentglobaleconomybattletocosteffectivelyobtainequitydebtfundingthesepurptedadvantagesassumeagreatersenseofu

9、rgencymagnitude.HisticalcostaccountingwhereanassetisvaluedatthetimeofacquisitionbaseduponconsiderationtenderedisthoughttohavebeguninthedaysoftheancientRomans.Increasinglythislongstingaccountingmethodisviewedasirrelevantm

10、isleading.Depreciationrulesusedtosubsequentlyreduceassetvaluesbyoneofmanystardizedcapriciousmethodstoapproximatetheexpirationofusefulnessareunderstoodtobecrudeestimationswhichprovideonlyminconceptualinsightrelatedtotheun

11、derlyingchangingvalueofanassetwithpassingtime.A1983auditclientpointedoutthisillogictomebyvaluingtheirfixedassetsusingaselfdeterminedclearlynonGAAPaccountingmethod.Thisclientproperlyrecdedthefixedassetattimeofacquisition.

12、Thereafterhethendepreciatedtheassetusinganacceptablemethodologyuntiltheassetvaluereachedafullydepreciatedstateofzero.Atthatpointhepersonallyassessedtheasset’sremainingutilityupondeterminingitwasnotwnoutindeedwasstillquit

13、eusefulhemarkedtheassetbackuptoanestimatedcurrentmarketvalue.AfterthewriteupheoncegainbegantheGAAPrequireddepreciationprocesswiththecyclecontinuinguntiltheassetwasjunked!Whenourauditproceduresuncoveredthisunconventionala

14、pproachImetwiththeclienttodiscusshiserr.Despitemyeloquenceinexplanationmyclientreluctantlycompliedwithouteverchanginghismindregardingthesoundnessofhislogic.Afteralltheassetwithadepreciatedbookvalueofzerowasstilluseful!Pe

15、rhapsmypracticalclientwassimplyaheadofhistime.Asasageharbingermyclientwaseloquentlyemphasizingthefinancialreptingadvantageofenhancedrelevancetransparency:anasset’srecdedbookbalanceshouldreflectabestestimateofitscurrentin