Accounting Discretion and Fair Value Reporting: A Study of US Banks’ Fair Value Reporting of Mortgage-Backed-Securities

Material TypeArticleLanguageEnglish
TitleAccounting Discretion and Fair Value Reporting: A Study of US Banks’ Fair Value Reporting of Mortgage-Backed-Securities Author(S)Kang Cheng (Author)
Abstract  This study looks at US banks’ fair value reporting of mortgage-backed-securities (MBS) before and after a new accounting rule, FSP 157–3, Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active, initially issued by the US Financial Accounting Standard Board (FASB) and later adopted by the International Accounting Standard Board (IASB) into IFRS No ...Paginationp531–566
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Business Finance & Accounting  
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