TITLE

Current Value Accounting--A Concept Whose Time Has Come

AUTHOR(S)
Chazen, Charles
PUB. DATE
July 1985
SOURCE
FE: The Magazine for Financial Executives;Jul1985, Vol. 1 Issue 7, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses various aspects of the concept of current value accounting. The article states that one of the most common misconceptions by users of financial statements, prepared in accordance with generally accepted accounting principles (GAAP), is the measure of value represented by the financial data. Statements of financial institutions are particularly affected by the failure to disclose current values. The failure of savings and loan associations to present current value information in their financial statements is similarly being attacked.
ACCESSION #
15096860

 

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