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dc.contributor.authorRichard, Jacques
dc.date.accessioned2009-07-30T13:50:38Z
dc.date.available2009-07-30T13:50:38Z
dc.date.issued2004
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/1420
dc.language.isoenen
dc.subjectAspects historiquesen
dc.subjectJuste valeuren
dc.subjectFranceen
dc.subjectNormes comptables internationalesen
dc.subjectFair valueen
dc.subject.ddc657en
dc.subject.classificationjelM41en
dc.subject.classificationjelM49en
dc.titleThe secret past of fair value : lessons from history applied to the French caseen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenThis article reviews the present state of the debate in France on the introduction of IFRS. It suggests that history shows that market value was the dominant approach to balance sheet valuation in the nineteenth century, and analyses the ultimate replacement of static theory, using market values, by dynamic theory, which is based on historical cost and the going concern and permits the systematic write-off of assets, and allows more regular payment of dividends. The article suggests that IFRS, based on a mixture of fair value and value in use, assumes a valuation of companies based on their future profitability, hence the description of the approach as forward-looking accounting.en
dc.relation.isversionofjnlnameAccounting in Europe
dc.relation.isversionofjnlvol1en
dc.relation.isversionofjnlissue1en
dc.relation.isversionofjnldate2004
dc.relation.isversionofjnlpages95-107en
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherRoutledgeen
dc.subject.ddclabelContrôle de gestion Comptabilitéen


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