毕业论文外文翻译--公允价值会计的危机-正确理解最近的辩论.docVIP

The Crisis of Fair Value Accounting: Making Sense of the Recent Debate* Christian Laux Goethe-University Frankfurt and Christian Leuz The University of Chicago Booth School of Business NBER April 2009 (Forthcoming in Accounting, Organizations and Society) Abstract The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge for FVA going forward and standard setters’ push to extend FVA into other areas. In this article, we highlight four important issues as an attempt to make sense of the debate. Firs