Fair value versus historical cost: Which is actually more fair ?

Gerçeğe uygun muhasebe, finansal varlıkların güncel değerini yansıtması açısındanakademisyen ve pratisyenler tarafından yatırımcıların karar verme süreçlerine verdiği destekile devrim niteliği taşıyan bir yaklaşım olarak görülmekte. Savunucuları sağladığı alakalıbilgilerin önemini vurgularken, bilgilerin ihtiyatlı ve tam güvenilir olmamasından dolayıeleştirilere de maruz kalarak maliyet esaslı muhasebenin daha güvenli bir sistem olduğu öneçıkmaktadır. Finansal Muhasebe Standartları Kurulunun yayınlamış olduğu FMS 155, 156ve 157 ile birlikte ihtiyatlılık ile gerçeğe uygunluk noktasında biraz daha dengelenen finansalsistem, piyasaya göre ayarlamanın daha yaygın kullanılmasıyla birlikte eskiye göre daha öznel bir karakter edinmiştir. Enron vakasında bile gerçeğe uygun muhasebeuygulamaları ile hile bağlantısına rastlanmıştır. Bu çalışmanın amacı gerçeğe uygunmuhasebenin belirsiz yapısını eleştirerek, ileride doğabilecek başka finansal krizleri önlemekadına maliyet esaslı muhasebenin önemini vurgulamaktır.

Gerçeğe uygun muhasebe ile maliyet esaslı muhasebe karşılaştırılması: Hangisi daha gerçek ?

Fair Value Accounting has been regarded by significant portion of academics andpractitioners as a revolutionary approach to aid investors decision making abilities since itpresents the current value of financial assets. Though proponents have long praised for therelevance strength, opponents of fair value have underlined the significant lack of reliability;therefore praised for historical cost accounting as a sound system constructed on robustpillars of prudence. With the more balanced structure of the Financial Accounting StandardsBoard on conservative versus fair value accounting issues, especially with the developmentsunder FAS 155, FAS, and 157 to promote the use of mark- to- market, the financial world hasshifted towards a more subjective accounting. Even with the Enron case, having appliedfair value has been linked with fraud. This paper discusses the ambiguous nature of fairvalue accounting and stresses the importance of historical cost accounting to avoid any potential future crisis.

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ISSN: 2146-3042
Yayın Aralığı: Yılda 4 Sayı
Başlangıç: 2005
Yayıncı: Muhasebe ve Finansman Öğretim Üyeleri Derneği (MUFAD)