FVA

(redirected from Fair Value Accounting)
AcronymDefinition
FVAFerrari Virtual Academy (computer simulation)
FVAFondation Vaudoise Contre l'Alcoolisme (Swiss alcohol foundation)
FVAFair Value Accounting
FVAFédération Voile-Aviron (French sailing federation)
FVAForschungsvereinigung Antriebstechnik (German: Drive Technology Research Association; Frankfurt, Germany)
FVAFuture Value of an Annuity
FVAForward Volatility Agreement (investing)
FVAFrais de Véhicule Adapté (French: Adapted Vehicle Expenses)
FVAFunctional Vision Assessment
FVAFree Vietnam Alliance
FVAFous du Volant Aussonnais (French badminton team)
FVAFibre Voice Access
FVAFamily Violence Act
FVAFlorida Vocal Association (Pompano Beach, FL)
FVAFrédéric Vacher Aluminium (French aluminum company)
FVAFous du Volant Ambrault (French badminton team)
FVAFlorida Volkssport Association
FVAFlorida Voices for Animals, Inc.
FVAFumarate Vinyl Acetate
FVAFinancial Viability Advisor (US government 'car czar')
FVAFlorida Vocational Association
FVAForward Velocity Adjuster (paintball)
FVAFranc-Valluet Avocats (French law firm)
FVAFormation à la Vie Associative (French: Life Training Association)
FVAFountain View Academy
FVAFractal Volume Antenna
FVAFood Vulnerability Assessment (US Air Force)
FVAFixed Value Attenuator
FVAFlat-rate Value Adjustment
FVAFormaliser Valoriser Anticiper (French: Formalize, Develop, Anticipate)
References in periodicals archive ?
Mautz, who had served as a professor of accounting at the University of Illinois and partner in the accounting firm Ernst & Ernst (a predecessor to Ernst & Young) and finally a member of the Public Oversight Board and the Accounting Hall of Fame Mautz realized then that the goal was fair value accounting and traveled the nation preaching that a revolution was being proposed.
Francis (1990) provides the most direct evidence about the impact of fair value accounting compared to hedge accounting on earnings volatility.
* SFAS 157, Fair Value Measurements, 2006 (ASC 820), creates no new requirements for the use of fair value accounting, but rather limits itself to the implementation and disclosure aspects of other standards that call for or permit the use of fair value as a measurement basis.
In this paper, we briefly discuss the role of fair value accounting in the credit crisis, recent guidance issued by the FASB to improve fair value accounting, and regulatory steps that have been taken to enable financial reporting to be more truthful and expedient.
In an essay written last year, "Fair Value Accounting: A Critique," Peter Wallison of the American Enterprise Institute said that while bad underwriting practices, unwise borrowers, sloppy work by bond raters, inadequate bank supervision, and poor bank-management oversight had decimated values in the mortgage pools, the aggregated $500 billion of subprime mortgages shouldn't have caused a global crisis in financial markets worth $140 trillion.
Critics of fair value accounting claim that enterprises marking financial assets down to fire-sale prices have resulted in the overstatement of loss and the understatement of capital for many financial institutions.
A recent statement by the GNAIE, the group of North American Insurance Enterprises, to the FASB, set squarely part of the blame for the worldwide credit crisis to fair value accounting measurements.
Sir David added: "The beauty of fair value accounting...
Fair value accounting is also known as "mark-to-market" accounting.
Critics charge that so-called "mark-to-market" accounting -- also known as fair value accounting -- has forced banks to write down billions of dollars in assets that are considered nearly worthless in a frozen market.
As per the fair value accounting norm, such unrealised appreciation in the portfolio was booked as a profit.