Fair Value

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Penerapan Fair Value dan Dampaknya bagi

Penerapan Fair Value dan Dampaknya bagi

adalah teknik penilaian paling umum digunakan untuk goodwill. Sebagai tambahan, pada SFAS No. 144, FASB mengakui adanya suatu teknik PV yang biasanya digunakan untuk mengukur fair value dari asset jangka panjang. Marilah kita sekarang berfokus kepada DCF karena penggunaannya yang tersebar luas dalam mengukur fair value untuk asset jangka panjang dan yang tak berwujud. Dalam Buletin Akuntan Muda edisi April 2011 dikatakan bahwa terdapat tiga hirarki dalam mengestimasi fair value, yaitu dengan menggunakan nilai pasar, komparasi dengan harga pasar dari item yang dapat diperbandingkan dengan item yang dinilai, dan dengan menggunakan estimasi (Hitz 2007). Meskipun fair value dapat diukur dengan menggunakan current market value, namun tidak berarti fair value itu sepenuhnya adalah current market value. Untuk item-item tertentu di dalam laporan keuangan yang berasal dari transaksi yang lazim terjadi (arm’s length transaction) dan harga-harganya juga dapat dengan mudah diukur dengan harga pasar, fair value dapat diukur dengan menggunakan current market value. Pengukuran fair value seperti ini disebut juga dengan mark to market. Namun untuk item-item yang harga pasarnya tidak tersedia, fair value diukur dengan menggunakan model penilaian yang didasarkan atas perhitungan-perhitungan dan estimasi tertentu. Pengukuran fair value seperti ini disebut juga dengan mark to model. Dengan demikian penggunaan fair value sesungguhnya dapat menimbulkan implikasi yang bersifat subyektif terutama yang berkaitan dengan penilaian (Blommaert dalam Verhog 2003).
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Response to ‘Fair value accounting, financial economics and the transformation of reliability’

Response to ‘Fair value accounting, financial economics and the transformation of reliability’

For example, fi nancial reporting standards increasingly require recognition or disclosure of the fair value of fi nancial instruments. This has facilitated the investor ’ s balance sheet adjustments for these items. Another common adjustment, at least in the US, is adjusting inventory balances from last in, fi rst out (LIFO) to fi rst in, first out (FIFO). Currently, the FIFO balance of inventory would not meet the accounting de fi nition of fair value, but it is a measure of current value when in fl ation is low and it is the best estimate available today to an investor. However, it is more dif fi cult to substitute a current value or fair value for other non- fi nancial assets like real estate, timberland and mineral properties, but there are methods to do this. Estimating the current value of an operating facility such as a factory is more problematical. For intangibles like brand names, customer relationships and technology, it is dif fi cult, if not impractical, for an outside investor to place a current value on them. A popular
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Value‐relevance of presenting changes in fair value of investment properties in the income statement Evidence from Hong Kong

Value‐relevance of presenting changes in fair value of investment properties in the income statement Evidence from Hong Kong

these prior findings and associated theory, it is sur- prising that Owusu-Ansah and Yeoh (2006) find no difference whether unrealised gains (losses were not studied) on investment properties in New Zealand are reported in the income statement or revaluation reserve. Further research is therefore needed to provide more evidence about the impact of presentation location generally, and of changes in fair value of investment properties in particular. Second, existing research (see Landsman (2007) for a detailed summary) focuses on financial assets and liabilities (Barth, 1994; Barth et al., 1995, 1996, 2006); Eccher et al., 1996; Nelson, 1996, Carroll et al., 2003; Hirst et al., 2004; Hodder et al., 2006; Danbolt and Rees, 2008) and employee share options (Espahbodi et al., 2002; Robinson and Burton, 2004). While there are studies on non- financial assets, for intangible assets and tangible long-lived assets (e.g. Barth and Clinch, 1998; Aboody et al., 1999; Muller and Riedl, 2002) and on investment properties (i.e. Dietrich et al., 2001; Owusu-Ansah and Yeoh, 2006), the empirical evi- dence is largely based on fair value disclosures in the notes to the accounts from the 1990s. More studies should be conducted using data after the implementation of the fair value accounting standards (e.g. IAS 39 ‘Financial Instruments: Recognition and Measurement’, and HKAS 40 ‘Investment Property’ studied in this study).
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Fair value accounting, financial economics and the transformation of reliability

Fair value accounting, financial economics and the transformation of reliability

is a manifest absence of developed rationale for fair value throughout its meteoric rise. Principles are, almost by design, removed from the dirty world of implementation; because of this they can be durable at the conceptual level despite surface level con fl ict and opposition. Indeed, this is a powerful strategy; by displacing the heat of the debate into issues of scope and application, a principle can be protected. The catalytic role of derivatives for the promo- tion of fair value accounting is only partly to do with the relative importance of derivatives speci fi cally or fi nancial instruments generally in the balance sheets of any speci fi c institution, although clearly their materiality for many fi nancial institutions was a driver of the politics. Similarly, it is only partly to do with the use of valuation models as a basis for measuring and reporting less liquid fi nancial assets on balance sheets, although this has undoubtedly been a hot spot during the crisis. These two factors, while important, don ’ t explain the rapid world level institutionalisation of the idea of fair value account- ing against considerable resistance. The reason is that supporters of fair values managed to occupy a conceptual space which implicitly rede fi ned accounting reliability with the foundational support of fi nancial economics. Fair value at the level of principle is becoming a kind of ‘ rational myth ’ in the sense of depending for its ef fi cacy and reality on the fact that it is widely believed (Scott, 1992: 14); the many critics of fair values have had no clearly de fi nable alternative abstract rational myth to offer in its place, notwithstanding their appeal to values such as stewardship.
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this PDF file Relevansi Nilai Selisih Loans Book Value dan Loans Fair Value, Book Value Per Share, Earnings Per Share dan Ukuran Perusahaan | Pertiwi | Jurnal Akuntansi dan Keuangan 2 PB

this PDF file Relevansi Nilai Selisih Loans Book Value dan Loans Fair Value, Book Value Per Share, Earnings Per Share dan Ukuran Perusahaan | Pertiwi | Jurnal Akuntansi dan Keuangan 2 PB

One of the impacts of IFRS convergence is the tendency to leave historical cost to the fair value primarily for financial instruments, one of which is bank loans. Therefore, the benefit of the use of historical cost and fair value needs to be examined. This study aims to evaluate the relationship of the difference between loan book value and fair value, book value per share, earnings per share and the company size to the stock price of banks that use accounting standard that has been converged to IFRS. The samples used are banks listed in Indonesia Stock Exchange during the period of 2010-2013. The relationship between the difference loans book value and fair value, book value per share, earnings per share and the size with the stock price were analyzed using multiple linear regression. The results of this study indicate that the difference between loans book value and fair value, book value per share, earnings per share and the size can be used to predict the stock price of bank. Thus, the difference between loan book value and fair value of financial instruments have a relevant value.
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EVALUASI FAIR VALUE SEBAGAI ATRIBUT PENG

EVALUASI FAIR VALUE SEBAGAI ATRIBUT PENG

Accounting measurement is closely related to the accounting standards applied. Harmonization of international accounting standards means the process of improving the appropriateness of accounting practices through the development of various kinds of differences limit. Harmonization of IAS will eventually lead to convergence of IFRS (International Financial Accounting Standards). IFRS convergence is adjusting domestic standards to conform with IFRS. One of the effects of the adoption of IFRS is the application of fair value. IFRS uses fair value concept with the advantages that the financial statements more relevant to the basic decision-making because it reflects the actual market value. The use of fair value accounting would encourage financial reporting mechanisms that are more relevant. Fair value may also encourage the creation of significant fluctuations on the financial impact over time.
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Analisis Penerapan Fair Value Based Pada

Analisis Penerapan Fair Value Based Pada

Berdasarkan revisi PSAK 19 tersebut, perusahaan diperbolehkan penggunaan model revaluasi atau fair value accounting dalam penilaian aktiva tetapnya setelah tanggal perolehannya. (IAI, 2001). Sebelum diadakannya revisi tersebut penilaian aktiva tetap hanya diperbolehkan dengan menggunakan nilai historis atau model biaya Model revaluasi hanya boleh diterapkan terhadap penilaian aktiva tetap bila terdapat ketentuan pemerintah yang mengizinkannya. Penilaian aktiva tetap dengan menggunakan nilai historis tersebut dapat menimbulkan adanya distorsi akuntansi pada saat tanggal pelaporan aktiva tetap. Distorsi ini muncul karena aktiva tetap dicatat sebesar harga perolehan dikurangi dengan akumulasi penyusutan, sedangkan kondisi perekonomian selalu mengalami perubahaan yang berdampak pada nilai pasar dari aktiva tersebut. Hal ini menimbulkan informasi akuntansi menjadi tidak relevan bagi pengguna.
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335215663 TERJEMAHAN Barlev B Haddad J R 2003 Fair Value Accounting and Management

335215663 TERJEMAHAN Barlev B Haddad J R 2003 Fair Value Accounting and Management

Sebelum 1938, bank dan lembaga keuangan lainnya diwajibkan melapor pinjaman dan kepemilikan keuangan sebesar nilai pasar. Selama resesi ekonomi nilai pasar dari aset-aset ini telah jatuh. Bank harus mencatat kepemilikan mereka, kerugian laporan dan mengurangi modal mereka. Dalam rangka mempertahankan rasio kecukupan modal minimum diperlukan secara hukum, bank harus mengurangi pinjaman mereka. Tindakan ini terkena dampak negatif kegiatan bisnis dan mengintensifkan krisis ekonomi. Terakhir, nilai pasar metode penilaian dalam industri keuangan digantikan oleh metode HCA. Pada Juli 1947, Komite Prosedur Akuntansi (CAP, 1953) memperkenalkan istilah pasar untuk non- keuangan aset dalam Buletin Riset Akuntansi Harga No 29 Persediaan. Buletin ini mengatur bahwa persediaan harus dihargai "lebih rendah dari biaya atau pasar" (LCM). Pasar Istilah didefinisikan sebagai ekspresi telah dibatasi oleh batas atas dan bawah "biaya penggantian saat ini (dengan pembelian atau produksi).". Kedua batas memperkenalkan dan menggunakan, untuk pertama kalinya dalam sejarah pelaporan keuangan, harga jual panjang untuk melaporkan nilai aset pada neraca. Menyatakan Bulletin bahwa "Pasar [value] tidak boleh melebihi nilai realisasi bersih (yaitu harga jual diperkirakan dalam kegiatan usaha normal dikurangi biaya cukup diprediksi penyelesaian dan pembuangan)" (ayat 8). Meskipun banyak argumen bahwa harga jual tidak dapat ditentukan secara objektif, untuk tujuan konservatisme, relevansi CAP disukai untuk objektivitas dan reliabilitas.
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Is fair value accounting information relevant and reliable Evidence from capital market research

Is fair value accounting information relevant and reliable Evidence from capital market research

Taylor and Francis shall not be liable for any losses, act ions, claim s, pr oceedings, dem ands, cost s, expenses, dam ages, and ot her liabilit ies w hat soever or how soever caused ar[r]

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Discussion of ‘Financial reporting quality is fair value a plus or a minus’

Discussion of ‘Financial reporting quality is fair value a plus or a minus’

Taylor and Francis shall not be liable for any losses, act ions, claim s, pr oceedings, dem ands, cost s, expenses, dam ages, and ot her liabilit ies w hat soever or how soever caused ar[r]

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Financial reporting quality is fair value a plus

Financial reporting quality is fair value a plus

Taylor and Francis shall not be liable for any losses, act ions, claim s, proceedings, dem ands, cost s, expenses, dam ages, and ot her liabilit ies w hat soever or how soever caused ari[r]

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Analisi Dampak Penilaian Aset Tetap Pada PT Indospring Tbk.

Analisi Dampak Penilaian Aset Tetap Pada PT Indospring Tbk.

Pada sistem fair value yang terjadi adalah berbanding terbalik dengan sistem historical cost, di mana tingkat relevansi sistem fair value lebih tinggi bila dibandingkan dengan tingkat reliabilitasnya. Tingkat relevansi sistem fair value dikatakan tinggi karena nilai tercatat aset tetap hasil revaluasi dari sistem ini dapat mewakili harga pasar terkini dari aset tersebut. Sedangkan tingkat reliabilitasnya dikatakan rendah karena apabila aset tersebut telah mengalami revaluasi, maka nilai aset tersebut tidak lagi sesuai atau mencerminkan harga yang harus dibayarkan perusahaan ketika membeli atau mengakuisisi aset tersebut.
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22 4q2015 financial report reissued

22 4q2015 financial report reissued

The fair value for financial instruments traded in active markets at the reporting date is based on their quoted price or binding dealer price quotations (bid price for long positions and ask price for short positions), without any deduction for transaction costs. Securities defined in these accounts as “listed” are traded in an active market. Where the Company and subsidiaries has financial assets and financial liabilities with offsetting positions in market risks or counterparty credit risk, it has elected to use the measurement exception to measure the fair value of its net risk exposure by applying the bid or ask price to the net open position as appropriate. For all other financial instruments not traded in an active market, the fair value is determined by using valuation techniques deemed to be appropriate in the circumstances. Valuation techniques include the market approach (i.e., using recent arm’s length market transactions adjusted as necessary and reference to the current market value of another instrument that is substantially the same) and the income approach (i.e., discounted cash flow analysis and option pricing models making as much use of available and supportable market data as possible).
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RPS EAA 401 Akuntansi Keuangan Menengah 2

RPS EAA 401 Akuntansi Keuangan Menengah 2

Pengungkapan Investasi dalam Sekuritas Ekuitas dengan Fair Value dan equity method 9 Memahami perlakuan akuntansi pengakuan, pengukuran, pelaporan, dan pengungkapan Pendapatan Pendapat[r]

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RELEVANSI NILAI LABA, NILAI BUKU, DAN HUTANG TERHADAP KINERJA SAHAM: HUBUNGAN NON-LINIER (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PADA TAHUN 2014).

RELEVANSI NILAI LABA, NILAI BUKU, DAN HUTANG TERHADAP KINERJA SAHAM: HUBUNGAN NON-LINIER (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PADA TAHUN 2014).

Therefore, the fact about value relevance of accounting informations have been declined for years, then the urgent of discovering the cause and solution is emerging. Since the value relevance of earnings, book value, and debt have dynamics on their own -the transitory items on earnings, the debate beetween the fair value and historical cost measurement of book value items, and the trade-off theory of debt- blend on the value relevance of the three accounting informations, then the non- linear model is presumed to make them more relevant for investors’ decision-making since the business environment in the real world, however, is not certain. Non-linear model is the function that relating the dependent variable with the independent variable which is not contant with the alteration of the independent variable. (Suharyadi and Purwanto 2009:252).
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1446219820 Laporan Keuangan PT MNC Investama Tbk   30 September 2015

1446219820 Laporan Keuangan PT MNC Investama Tbk 30 September 2015

The Group shall not reclassify any financial assets into the FVTPL after initial recognition. The Group only reclassifies financial assets classified as FVTPL or available for sale into loans and receivables if the financial assets meet the definition of loans and receivables and the Group has the intention and ability to hold the financial assets for the foreseeable future or until maturity.The financial assets are reclassified at fair value, on the date of reclassification which become its new amortized cost. Any gains or losses already recognized in profit or loss are not reversed. Any gains or losses that have been recognized in other comprehensive income are amortized through profit or loss over the remaining life of the financial assets (for financial assets that have fixed maturities) or continue to be recognized in other comprehensive income until the financial assets are sold or otherwise disposed (for financial assets that do not have fixed maturities).
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1470051312 Laporan Keuangan MNC Investama Tbk dan entitas anak 30 Juni 2016

1470051312 Laporan Keuangan MNC Investama Tbk dan entitas anak 30 Juni 2016

When the Group losses control of a subsidiary, a gain or loss is recognized in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interest. All amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable accounting standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under PSAK 55, Financial Instruments: Recognition and Measurement or, when applicable, the cost on initial recognition of an investment in an associate, or a jointly controlled entity.
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Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 16

Solution Manual and Test Bank Advanced Accounting by Guerrero & Peralta 2 CHAPTER 16

b. Since Pasig paid P20,000 less than the P240,000 fair value of Sibol’s net assets, a negative difference arises. Under PFRS 3 (Business combination), the allocation of the negative difference to the non-current assets, excluding long-term investments in marketable securities is no longer permitted. The negative difference is immediately amortized in profit or loss (income from acquisition). Therefore, the allocation assigned to building and equipment is the same as in (a) above.

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PSAK 13   Properti Investasi

PSAK 13 Properti Investasi

• If either Property A or B (or both) are accounted for under PSAK 13 as investment property, GV will be required to use the fair value model in est e t p ope ty, G be equ ed to use t e a a ue ode accordance with PSAK 13 to account for all properties classified as investment property, including Property C and Property A and/or B.

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