The Relevance and Reliability of Fair Value
Abstract：Relevance and reliability are the essential quality characteristics of decision-useful accounting information. They are not only related to the decision-making of financial report users, but also associated with the measurement attribute choice. The question whether fair value, as one of the most furiously scrutinized measurement attributes, has the quality characteristics of both relevance and reliability needs deep analysis into the connotation of fair value. It is generally thought that, compared with history cost based accounting information, fair value accounting information is more relevant but less reliable. This article holds that fair value is virtually relevant and reliable.
Keywords：fair valuerelevancereliability
Publication Date：2011-01-01
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：4( 22-25 )