财务报表分析与证 券估值优质课件 (5).pptVIP

* * * Keep in mind… We have seen that there are two measurement basis for recording securities: Amortized cost Market value Which method gives us the a better estimate of the value of the securities? Clinic III-* Amortized cost is based on the historical cost measurement rule and avoids manipulation in the financial statements. But historical cost does not capture any change in value since acquisition. Market prices give the change in value since acquisition. But (fair) market values can be biased if market values are estimated. Actual market prices can be bubble prices which are not “fair” va