Management And Accounting Web

Fair Value Accounting Bibliography

Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida

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Altamuro, J. and H. Zhang. 2013. The financial reporting of fair value based on managerial inputs versus market inputs: Evidence from mortgage servicing rights. Review of Accounting Studies 18(3): 833-858.

Arya, A. and A. Reinstein. 2010. Recent developments in fair value accounting. The CPA Journal (August): 20-29.

Ayres, D., X. Huang and M. Myring. 2017. Fair value accounting and analyst forecast accuracy. Advances in Accounting: Incorporating Advances in International Accounting (37): 58-70.

Bachar, J., N. D. Melumad and G. Weyns. 1997. On cost tradeoffs between conservative and market value accounting. Review of Accounting Studies 2(1): 7-34.

Badia, M., M. Duro, F. Penalva and S. Ryan. 2017. Conditionally conservative fair value measurements. Journal of Accounting and Economics (February): 75-98.

Bairstow, C. W. 1924. Adjusting the books to the appraisal. Journal of Accountancy (November): 379-384.

Balsam, S. 2007. A bid for fair value. Journal of Accountancy (September): 42-45.

Bandyopadhyay, S. P., C. Chen and M. Wolfe. 2017. The predictive ability of investment property fair value adjustments under IFRS and the role of accounting conservatism. Advances in Accounting: Incorporating Advances in International Accounting (38): 1-14.

Barker, R. and S. Schulte. 2017. Representing the market perspective: Fair value measurement for non-financial assets. Accounting, Organizations and Society (56): 55-67.

Barth, M. and D. Taylor. 2010. In defense of fair value: Weighing the evidence on earnings management and asset securitizations. Journal of Accounting and Economics (February): 26-33.

Barth, M. E. 1994. Fair value accounting: Evidence from investment securities and the market valuation of banks. The Accounting Review (January): 1-25. (JSTOR link). (Part of a forum on financial reporting).

Barth, M. E. and M. F. McNichols. 1994. Estimation and market valuation of environmental liabilities relating to superfund sites. Journal of Accounting Research (Studies on Accounting, Financial Disclosures, and the Law): 177-209. (JSTOR link).

Barth, M. E. and W. R. Landsman. 1995. Fundamental issues related to using fair value accounting for financial reporting. Accounting Horizons (December): 97-107.

Barth, M. E., D. W. Collins, G. M. Crooch, J. A. Elliott, T. J. Frecka, E. A. Imhoff Jr, W. R. Landsman and R. G. Stephens. 1995. AAA's Financial Accounting Standards Committee response to FASB discussion documents: Response to the FASB exposure draft "Disclosure about derivative instruments and fair value of financial instruments". Accounting Horizons (March): 92-95.

Beatty, A. and J. Weber. 2006. Accounting discretion in fair value estimates: An examination of SFAS 142 goodwill impairments. Journal of Accounting Research (May): 257-288. (JSTOR link).

Beatty, A., S. Chamberlain and J. Magliolo. 1996. An empirical analysis of the economic implications of fair value accounting for investment securities. Journal of Accounting and Economics (August-December): 43-77.

Beaudoin, C. A. and S. B. Hughes. 2014. APT, Inc.: An application of impairment testing and fair value estimation using international financial standards. Issues in Accounting Education (February): 1-17.

Benjamin, S. J., A. Niskkalan and M. S. Marathamuthu. 2012. Fair value accounting and the global financial crisis: The Malaysian experience. Journal of Applied Management Accounting Research (Winter): 53-68.

Bens, D. A. 2006. Discussion of Accounting discretion in fair value estimates: An examination of SFAS 142 goodwill impairments. Journal of Accounting Research (May): 289-296. (JSTOR link).

Bhat, G., R. Frankel and X. Martin. 2011. Panacea, Pandora's box, or placebo: Feedback in bank mortgage-backed security holdings and fair value accounting. Journal of Accounting and Economics (November): 153-173.

Blacconiere, W. G., J. R. Frederickson, M. F. Johnson and M. F. Lewis. 2011. Are voluntary disclosures that disavow the reliability of mandated fair value information informative or opportunistic? Journal of Accounting and Economics (November): 235-251.

Bloomfield, R. J., M. W. Nelson and S. D. Smith. 2006. Feedback loops, fair value accounting and correlated investments. Review of Accounting Studies 11(2-3): 377-416.

Bolivar, M. P. R. and A. N. Galera. 2012. The role of fair value accounting in promoting government accountability. Abacus 48(3): 348-386.

Botosan, C. A., H. Ashbaugh, A. L. Beatty, P. Y. Davis-Friday, P. E. Hopkins, K. K. Nelson, K. ramesh, R. Uhl, M. Venkatachalam and G. Vrana. 2005. AAA Financial Accounting Standards Committee: Response to the FASB's exposure draft on fair value measurements. Accounting Horizons (September): 187-196.

Boyles, J. 2008. Fair value accounting: Are you ready? Strategic Finance (August): 28-32.

Bratten, B., L. M. Gaynor, L. McDaniel, N. R. Montague and G. E. Sierra. 2013. The audit of fair values and other estimates: The effects of underlying environmental, task, and auditor-specific factors. Auditing: A Journal of Practice & Theory 32(Supplement 1): 7-44.

Bratten, B., M. Causholli and U. Khan. 2016. Usefulness of fair value for predicting banks' future earnings: Evidence from other comprehensive income and its components. Review of Accounting Studies 21(1): 280-315.

Brink, A. G., F. Tang and L. Yang. 2016. The impact of estimate source and social pressure on auditors' fair value estimate choices. Behavioral Research In Accounting 28(2): 29-40.

Campbell, J. L., J. F. Downes and W. C. Schwartz, Jr. 2015. Do sophisticated investors use the information provided by the fair value of cash flow hedges? Review of Accounting Studies 20(2): 934-975.

Campbell, J. L., J. F. Downes and W. C. Schwartz, Jr. 2015. Erratum to: Do sophisticated investors use the information provided by the fair value of cash flow hedges? Review of Accounting Studies 20(4): 1639-1640.

Catty, J. P. 2010. Wiley Guide to Fair Value Under IFRS. Wiley.

Chasteen, L. G. and C. R. Ransom. 2007. Including credit standing in measuring the fair value of liabilities - Let's pass this one to the shareholders. Accounting Horizons (June): 119-135.

Cheney, P. E. 1976. A review of some objections to fair value accounting. Management Accounting (June): 29-30, 37.

Cheng, K. 2009. Fair value's 'how' meets 'when'. The CPA Journal (August): 26-29.

Chircop, J. and Z. Novotny-Farkas. 2016. The economic consequences of extending the use of fair value accounting in regulatory capital calculation. Journal of Accounting and Economics (November-December): 183-203.

Christensen, B. E., S. M. Grover and D. A. Wood. 2012. Extreme estimation uncertainty in fair value estimates: Implications for audit assurance. Auditing: A Journal of Practice & Theory 31(1): 127-146.

Christensen, H. B. and V. V. Nikolaev. 2013. Does fair value accounting for non-financial assets pass the market test? Review of Accounting Studies 18(3): 734-775.

Chung, S. G., C. Lee and S. Mitra. 2016. Fair value accounting and reliability. The CPA Journal (July): 60-63.

Clark, S., C. Jordan and M. Dugan. 2013. Using forensic analytics to evaluate the reliability of fair value reporting. Journal of Forensic & Investigative Accounting 5(1): 151-181.

Couch, R., N. Thibodeau and W. Wu. 2017. Are fair value options created equal? A study of SFAS 159 and earnings volatility. Advances in Accounting: Incorporating Advances in International Accounting (38): 15-29.

Crane, M. and R. A. Dyson. 2011. Estimating the fair value of investments in entities that calculate net value per share. The CPA Journal (March): 54-61.

De Jager, P. 2014. Fair value accounting, fragile bank balance sheets and crisis: A model. Accounting, Organizations and Society 39(2): 97-116.

Dean, G. and F. Clarke. 2005. 'True and fair' and 'fair value' - Accounting and legal will-o'-the-wisps. Abacus 41(2): i-viii.

Dechow, P. M., L. A. Myers and C. Shakespeare. 2010. Fair value accounting and gains from asset securitizations: A convenient earnings management tool with compensation side-benefits. Journal of Accounting and Economics (February): 2-25.

Dietrich, J. R., M. S. Harris and K. A. MullerIII. 2000. The reliability of investment property fair value estimates. Journal of Accounting and Economics (October): 125-158.

Dong, M., S. Ryan and X. Zhang. 2014. Preserving amortized costs within a fair-value-accounting framework: Reclassification of gains and losses on available-for-sale securities upon realization. Review of Accounting Studies 19(1): 242-280.

Duangploy, O. and D. K. Pence. 2010. Practical implications of fair value hedges on available-for-sale debt securities. The CPA Journal (March): 28-35.

Eccher, E. A., K. Ramesh and S. R. Thiagarajan. 1996. Fair value disclosures by bank holding companies. Journal of Accounting and Economics (August-December): 79-117.

Fuglister, J. and R. Bloom. 2008. Analysis of SFAS 157, fair value measurements. The CPA Journal (January): 36-39.

Gaynor, L. M., L. McDaniel and T. L. Yohn. 2011. Fair value accounting for liabilities: The role of disclosures in unraveling the counterintuitive income statement effect from credit risk changes. Accounting, Organizations and Society 36(3): 125-134.

Glover, S. M., M. H. Taylor and Y. Wu. 2017. Current practices and challenges in auditing fair value measurements and complex estimates: Implications for auditing standards and the academy. Auditing: A Journal of Practice & Theory 36(1): 63-84.

Goncharov, I. and S. van Triest. 2014. Unintended consequences of changing accounting standards: The case of fair value accounting and mandatory dividends. Abacus 50(3): 341-367.

Goncharov, I., E. J. Riedl and T. Sellhorn. 2014. Fair value and audit fees. Review of Accounting Studies 19(1): 210-241.

Gray, R. P. 2003. Research note: Revisiting fair value accounting - Measuring commercial banks' liabilities. Abacus 39(2): 250-261.

Guthie, K., J. H. Irving and J. Sokolowsky. 2011. Accounting choice and the fair value option. Accounting Horizons (September): 487-510.

He, X. T. J. Wong and D. Young. 2012. Challenges for implementation of fair value accounting in emerging markets: Evidence from China. Contemporary Accounting Research 29(2): 538-562.

Hendricks, B. E. and C. Shakespeare. 2013. Discussion of "The financial reporting of fair value based on managerial inputs versus market inputs: Evidence from mortgage servicing rights." Review of Accounting Studies 18(3): 859-867.

Hirst, D. E., P. E. Hopkins and J. M. Wahlen. 2004. Fair values, income measurement, and bank analysts' risk and valuations judgments. The Accounting Review (April): 453-472. (JSTOR link).

Israeli, D. 2015. Recognition versus disclosure: Evidence from fair value of investment property. Review of Accounting Studies 20(4): 1457-1503.

Jiang, J., I. Y. Wang and Y. Xie. 2015. Does it matter who serves on the Financial Accounting Standards Board? Bob Herz's resignation and fair value accounting for loans. Review of Accounting Studies 20(1): 371-394.

Johnson, I. R. and L. Walther. 2010. Interpreting 'legally permissible' in applying fair value guidelines. The CPA Journal (December): 28-29.

Jordan, C. E., S. J. Clark and G. R. Pate. 2013. The debate over fair value reporting: Fact or fiction? Using Benford's law to find answers. The CPA Journal (February): 46-51.

Journal of Accountancy. 2006. Statement of Financial Accounting Standards No. 157 - Fair Value Measurements. Journal of Accountancy (December): 97-102.

Journal of Accountancy. 2007. Statement of Financial Accounting Standards No. 159 - The Fair Value Option for Financial Assets and Financial Liabilities. Journal of Accountancy (April): 92-97.

Jung, B., H. Pourjalali, E. Wen and S. J. Daniel. 2013. The association between firm characteristics and CFO's opinions on the fair value option for non-financial assets. Advances in Accounting: Incorporating Advances in International Accounting 29(2): 255-266.

Kaplan, R. S. and K. G. Palepu. 2003. Expensing stock options: A fair-value approach. Harvard Business Review (December): 105-108.

Katz, D. M. 2011. Secrets of the bargain basement: Why do some companies hawk their assets at less than fair value? CFO (May): 21-23. ("As of 2009, FASB began to regard "negative goodwill" as a contradiction in terms, and now calls the product of such sweet deals "bargain purchase" amounts.)

Kemp, P. S. 1973. A further look at fairness in accounting. Management Accounting (January): 15-16, 28.

King, A. M. 2003. Fair value accounting: Its time has come and gone. Strategic Finance (September): 54-57.

King, A. M. 2009. Determining fair value. Strategic Finance (January): 26-32.

King, A. M. 2009. Fair value is dangerous for cost management. Cost Management (January/February): 41-47.

Kirk, N. 2006. Perceptions of the true and fair view concept: An empirical investigation. Abacus 42(2): 205-235.

Kohlbeck, M., T. Smith and A. Valencia. 2017. Auditors and net transfers of level 3 fair-value financial instruments. Advances in Accounting: Incorporating Advances in International Accounting (36): 27-39.

Koonce, L. 2006. Discussion of “Feedback loops, fair value accounting and correlated investments”. Review of Accounting Studies 11(2-3): 417-427.

Laux, C. 2016. The economic consequences of extending the use of fair value accounting in regulatory capital calculations: A discussion. Journal of Accounting and Economics (November-December): 204-208.

Laux, C. and C. Leuz. 2009. The crisis of fair-value accounting: Making sense of the recent debate. Accounting, Organizations and Society 34(6-7): 826-834.

Lin, Y., S. Lin, J. M. Fornaro and H. S. Huang. 2017. Fair value measurement and accounting restatements. Advances in Accounting: Incorporating Advances in International Accounting (38): 30-45.

Linsmeier, T. J. 2011. Financial reporting and financial crises: The case for measuring financial instruments at fair value in financial statements. Accounting Horizons (June): 409-417.

Linsmeier, T. J. 2013. A standard setter's framework for selecting between fair value and historical cost measurement attributes: A basis for discussion of "Does fair value accounting for nonfinancial assets pass the market test?" Review of Accounting Studies 18(3): 776-782.

MacDonald, L. A. 2010. Fair value changes ahead. The CPA Journal (January): 24-27.

Magnan, M., A. Menini and A. Parbonetti. 2015. Fair value accounting: Information or confusion for financial markets? Review of Accounting Studies 20(1): 559-591.

McDonough, R. P. and C. M. Shakespeare. 2015. Fair value measurement capabilities, disclosure, and the perceived reliability of fair value estimates: A discussion of Blat and Ryan (2015). Accounting, Organizations and Society (46): 96-99.

Miller, P. B. W. and P. R. Bahnson. 2007. Refining fair value measurement. Journal of Accountancy (November): 30-34.

Mozes, H. A. 2002. The value relevance of financial institutions' fair value disclosures: A study in the difficulty of linking unrealized gains and losses to equity values. Abacus 38(1): 1-15.

Muller, K. A. III., E. J. Riedl and T. Sellhorn. 2011. Mandatory fair value accounting and information asymmetry: Evidence from the European real estate industry. Management Science (June): 1138-1153.

Munter, P., T. Moores and T. A. Ratcliffe. 1994. A new look at market value accounting. Management Accounting (March): 41-45. (Related to the FASB's Statement of Financial Accounting Standards 115).

Nelson, K. K. 1996. Fair value accounting for commercial banks: An empirical analysis of SFAS No. 107. The Accounting Review (April): 161-182. (JSTOR link).

Nurnberg, H. and J. Sweeney. 1989. The effect of fair values and historical costs on accounting for business combinations. Issues in Accounting Education (Fall): 375-395.

Palmon, D. and L. J. Seidler. 1978. Current value reporting of real estate companies and a possible example of market inefficiency. The Accounting Review (July): 776-790. (JSTOR link).

Pozen, R. C. 2009. Is it fair to blame fair value accounting for the financial crisis? Harvard Business Review (November): 84-92.

Preinreich, G. A. D. 1936. The fair value and yield of common stock. The Accounting Review (June): 130-140. (JSTOR link).

Ramanna, K. 2008. The implications of unverifiable fair-value accounting: Evidence from the political economy of goodwill accounting. Journal of Accounting and Economics (August): 253-281.

Ramanna, K. 2013. Why "fair value" is the rule. Harvard Business Review (March): 99-101.

Ratciffe, T. A. 2007. The finer points of fair value. Journal of Accountancy (December): 58-61.

Rezaee, Z. 2004. Financial Institutions, Valuations, Mergers, and Acquisitions: The Fair Value Approach, 2e. John Wiley & Sons.

Robak, E. 2009. Fair value is here to stay. The CPA Journal (October): 6-9.

Rodriguez-Perez, G., J. Slof, M. Sola, M. Torrent and I Vilardell. 2011. Assessing the impact of fair-value accounting on financial statement analysis: A data envelopment analysis approach. Abacus 47(1): 61-84.

Ronen, J. 2008. To fair value or not to fair value: A broader perspective. Abacus 44(2): 181-208.

Salzsieder, L. 2016. Fair value opinion shopping. Behavioral Research In Accounting 28(1): 57-66.

Skaife, H. A., M. T. Bradshaw, P. Y. Davis-Friday, E. D. Gordon, P. E. Hopkins, R. Laux, K. K. Nelson, S. Rajgopal, K. Ramesh, R. Uhl and G. Vrana. 2007. AAA Financial Accounting Standards Committee: Response to FASB exposure draft, "The fair value option for financial assets and financial liabilities, including an amendment of FASB statement No. 115". Accounting Horizons (June): 189-200.

Skinner, D. J. 2008. Discussion of “The implications of unverifiable fair-value accounting: Evidence from the political economy of goodwill accounting”. Journal of Accounting and Economics (August): 282-288.

Sunder, S. 2008. Econometrics of fair values. Accounting Horizons (March): 111-125.

Trussel, J. M. and L. C. Rose. 2009. Fair value accounting and the current financial crisis. The CPA Journal (June): 26-30.

Valencia, A., T. J. Smith and J. Ang. 2013. The effect of noisy fair value measures on bank capital adequacy ratios. Accounting Horizons (December): 693-710.

Wahlen, J. M., J. R. Boatsman, R. H. Herz, G. J. Jonas, K. G. Palepu, S. G. Ryan, K. Schipper, C. M. Schrand and D. J. Skinner. 2000. AAA Financial Accounting Standards committee response: Response to the FASB preliminary views: Reporting financial instruments and certain related assets and liabilities at fair value. Accounting Horizons (December): 501-508.

Wampler, B. M. and T. J. Phillips Jr. 1994. A case for fair value accounting for debt securities. Management Accounting (March): 46-49.

Wang, H. and J. Zhang. 2017. Fair value accounting and corporate debt structure. Advances in Accounting: Incorporating Advances in International Accounting (37): 46-57.

Wang, K. J. 2010. Negotiating a fair value under accounting uncertainty: A laboratory experiment. Behavioral Research In Accounting 22(1): 109-134.

Whittington, G. 2008. Fair value and the IASB/FASB conceptual framework project: An alternative view. Abacus 44(2): 139-168.

Young, M. R. 2008. Fair value roundtable. Journal of Accountancy (June): 60-67.

Young, M. R., P. B. W. Miller and E. H. Flegm. 2008. The role of fair value accounting in the subprime mortgage meltdown. Journal of Accountancy (May): 34-40.

Zack, G. M. 2009. Fair Value Accounting Fraud: New Global Risks Detection Techniques. Wiley.

Zyla, M. L. 2009. Fair Value Measurements: Practical Guidance and Implementation. Wiley.