Valuation issues in the face of the financial crisis
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2011, Vol 2011, Issue 63
Abstract
With the financial crisis deepening and with turbulence on the stock exchanges, critical voices on the application of fair value measurements have appeared. Both American and European politicians searched in accounting policy for reasons of financial crisis. Of course, it is difficult to question the fact that fair value has been usually a subject of considerable fluctuations. These fluctuations affected the behavior of participants of financial markets and often created transactions influenced by market panic. The aim of this article is to present the Polish banking sector’s opinion about the problem, and assess actions of the institutions which create accounting standards, based on lessons arising from the financial crisis.
Authors and Affiliations
Barbara Kucharczyk
Keywords
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