... of earnouts allows us to examine closely “the correspondence between managers’ accounting estimates and ex post realizations” ( Sloan 1999 ; Dietrich, Harris, and Muller 2000 ), an opportunity rarely available in fair value accounting research. We thus can scrutinize managers’ discretionary...

..., The Netherlands. Editor's note: Accepted by Leslie D. Hodder, under the Senior Editorship of Mary E. Barth. 1 5 2018 1 11 2021 2022 fair value accounting Level 3 return relevance ASC 820 FAS 157 other comprehensive income (OCI) fair value disclosures The fair value...

... together with P10 provides information about risk for O&G firms and, contrary to concerns expressed by the SEC, managerial opportunism does not negate the informativeness of P50. risk-relevant information risk disclosure oil and gas reserves fair value accounting The recent...

... University of Hong Kong for their helpful comments. We also benefited greatly from conversations with Travis Quast at DerivActiv on hedge accounting. discretionary accrual FAS 133 fair value accounting derivative hedging income smoothing corporate...

..., managers' judgments of credit and non-credit losses can be highly subjective, potentially rendering the distinction useless to investors. In recent years, the FASB and the IASB have intensified their efforts to expand fair value accounting, and they are contemplating what impairment, presentation...

.... Defenders counter-argue that the fair value provisions were insufficient to lead to the pro-cyclical effects alleged by the critics. Our evidence indicates that these provisions did not affect the commercial banking industry in the ways commonly alleged by critics. First, we show that fair value accounting...