التفاصيل البيبلوغرافية
| العنوان: |
The Value‐relevance of Fair Value Measurement for Inventories. |
| المؤلفون: |
Badenhorst, Wessel M1 (AUTHOR) wessel.badenhorst@up.ac.za, von Well, Rieka1 (AUTHOR) |
| المصدر: |
Australian Accounting Review. Jun2023, Vol. 33 Issue 2, p135-159. 25p. 10 Charts. |
| مصطلحات موضوعية: |
Fair value, Investors, Inventories, Inventory costs, Financial statements, Decision making |
| مصطلحات جغرافية: |
United Kingdom |
| مستخلص: |
The objective of this paper is to determine if fair value measurement for inventories is value‐relevant. Inventories are measured at historical cost and investors will have to estimate the fair value for themselves. For a sample of firms listed in the UK and reporting from 2009 to 2018, multivariate regression results show that the historical cost component of inventories on the balance sheet is value‐relevant, but that the fair value component is not. By contrast, both historical cost earnings and changes in the fair value of inventories are value‐relevant. Results therefore imply that investors need both historical cost earnings and fair value movements to make decisions. By extension, fair value measurements complement, rather than replace, historical cost information. Summary at a Glance: This paper considers if fair value measurement for inventories is value‐relevant and finds that investors need both historical cost earnings and fair value movements to make decisions. By extension, fair value measurements complement, rather than replace, historical cost information. [ABSTRACT FROM AUTHOR] |
| قاعدة البيانات: |
Finance Source |
|
لا يتم عرض النص الكامل للضيوف. |
تسجيل الدخول للوصول الكامل.
|
