RESPONSIBILITY OF BANK ACCOUNTING FOR GLOBAL FINANCIAL CRISIS? (Odpowiedzialnosc rachunkowosci bankowej za globalny kryzys finansowy?)

• Authors: Gostomski Eugeniusz , Podurgiel Anna
• Languages of publication: PL

Abstracts

EN

The authors of the article examine the issue of share responsibility of accounting policies for the current global financial crisis. They focused on the method recommended by the International Accounting Standards- of valuation of financial assets due to market value. However during the financial turmoil is not a good expression of the financial assets' real value. During the bull market it would lead to higher financial performance, and during the bear market it requires the creation of write-offs on depreciating assets and demonstrates drastic losses in financial institutions. Better solution would be to adopt the average market value of the 6 - 12 months period preceding the balance-sheet date.

Keywords

EN

FAIR VALUE; HISTORICAL VALUE; MARKET VALUE

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2010
• Volume: 13
• Issue: 1(46)
• Pages: 139-143
• Document type: ARTICLE

Contributors

author

Gostomski Eugeniusz

author

Podurgiel Anna

• Eugeniusz Gostomski, Uniwersytet Gdanski, Wydzial Ekonomiczny, Instytut Handlu Zagranicznego, ul. Armii Krajowej 119/121, 81- 826 Sopot, Poland

Identifiers

CEJSH db identifier

10PLAAAA080911