THESIS STATEMENT

Thesis Statement

Thesis Statement

The thesis is dedicated to fair value accounting. Fair value accounting implies that assets & liabilities get measured & reported in the firm's financial statements at their market value. The purpose of the thesis is to analyze the conceptual foundations of fair value accounting.

The thesis is organized in the following way. First, origin & development of fair value accounting are discussed. Second, overview of fair value accounting is introduced. The overview includes the definition of fair value, measurement & disclosure of fair value, & its impact on financial statement. Thirdly, opposing viewpoints on fair value accounting are ...