Nevertheless, policymakers should be aware that both fair value and historical cost accounting sometimes can produce misleading information, resulting in both institutional and systemic risk....
With historical cost accounting, on the other hand, banks and other financial institutions record the value of an asset at the price at which it was originally purchased....
“ The key question is not whether fair value accounting or historical cost accounting is better, but instead, how do you ensure t
经济
Banking and Finance Legislation(银行和金融立法)
2021-06-30 00:00:00.0