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Fair value accounting in the finance sector: a Fiji perspective

Prasad, Pranil and Naidu, Dharmendra and Devi, Shiro S. and Chandra, J. (2011) Fair value accounting in the finance sector: a Fiji perspective. International Review of Business Research Papers, 7 (1). pp. 282-300. ISSN 1832-9543

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    Abstract

    In this paper we look at the applicability of fair value accounting in the finance sector of Fiji. We consider the perspectives of both the preparers and the users of fair value information from the finance sector. In looking at these perspectives we took a sample of four banks and credit institutions and two investment companies. A questionnaire based survey was used to collect data from the preparers and users of fair value accounting information in the finance sector. Results indicate that the users perceive fair value accounting information as useful for their decision making purposes. Furthermore, fair value information is costly to be incorporated into financial reports, however, preparers do find fair value to be applicable and of relevance to them.

    Item Type: Journal Article
    Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
    Divisions: Faculty of Business and Economics (FBE) > School of Accounting and Finance
    Depositing User: Ms Shalni Sanjana
    Date Deposited: 13 Jun 2011 19:58
    Last Modified: 06 Mar 2013 15:12
    URI: http://repository.usp.ac.fj/id/eprint/4703
    UNSPECIFIED

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