Please use this identifier to cite or link to this item:
|Title: ||Legal Origins of Fair Value Accounting|
|Authors: ||Donleavy, Gabriel|
|Issue Date: ||Dec-2010|
|Publisher: ||Business and Labour History Group, The University of Sydney|
|Citation: ||Business Schools and History: proceedings of the second annual conference of AAHANZBS, 16-17 December 2010, The University of Sydney / edited by Greg Patmore|
|Abstract: ||The paper seeks answers to the question how FASB was able to introduce the term ‘fair value’ into accounting standards and wider accounting discourse as frictionlessly as it did. Leading relevant court cases in the USA and UK in the previous two centuries had already enabled this to happen, but the judicial rationales for that term were significantly different from the current rationales in FASB and IASB. The paper traces the evolution of the notion from its origins in the ‘just price’ to its court appearances in the early stages of the Industrial Revolution through to its established meaning by the end of last century.|
|Description: ||Not refereed. Abstract only.|
|Rights and Permissions: ||The author retains copyright of this work.|
|Type of Work: ||Conference paper|
|Appears in Collections:||Business Schools and History: Proceedings of the Second AAHANZBS Conference - 2010|
This work is protected by Copyright. All rights reserved. Access to this work is provided for the purposes of personal research and study. Except where permitted under the Copyright Act 1968, this work must not be copied or communicated to others without the express permission of the copyright owner. Use the persistent URI in this record to enable others to access this work.
|Donleavy.pdf||102.06 kB||Adobe PDF|
Items in Sydney eScholarship Repository are protected by copyright, with all rights reserved, unless otherwise indicated.