本科毕业设计(论文) 外文翻译 外文题目 FASB Statement No. 157: Fair Value Measurements 外文出处 FASB Statement :Fair Value Measurements [J].CCH,2006: 1-8. 外文作者财务会计准则委员会 原文: FASB Statement No. 157: Fair Value Measurements Summary& Highlights Financial Accounting Standards Board (FASB) Statement No. 157, Fair Value Measurements (FAS-157), defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles(GAAP),and expands disclosures about fair value measurements. The standard applies in situations where other accounting pronouncements either permit or require fair value measurements. FAS-157 does not require any new fair value measurements. Changes in practice that will result from applying FAS-157 relate to the definition of fair value, the methods used to measure fair value, and the expanded disclosure about fair value measurements that will be required. The FASB believes that the changes in practice from applying FAS-157 will improve financial reporting by increasing both consistency parability in fair value measurements. The expanded disclosures required about the use of fair value to measure assets and liabilities should provide financial statement users with better information about the extent to which fair value is used to measure recognized assets and liabilities, the inputs used to develop the measurements of fair value, and the effects of certain of the measurements on earnings (or changes assets) for the period. FAS-157 is effective for financial statements issued for fiscal years beginning after November 15, 2007, and for interim periods within those fiscal years. Earlier application is encouraged, provided that the reporting entity has not already issued financial statements for that fiscal year, including interim periods within that fiscal year. Generally, the provisions of FAS-157 are to be applied prospectively as of the beginning of the fiscal year in which the statement is initially applied with exce
