The practice of fair value accounting in Singapore

• Main Authors: Liew, Siow Hwei, Lim, Hui Lian, Tan, Hui Chin
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/59461
• Institution: Nanyang Technological University

Traditionally, the objective of accounting is to report on how well a steward was managing the resources entrusted to him. However, there is a shift in emphasis in financial reporting from stewardship to decision making usefulness. With this shift, fair value accounting has grown in importance.