Purpose

The current paper aims to understand whether fair value accounting (FVA) affects analysts’ loan approval decisions and default risk judgments.

Design/methodology/approach

This study focusses on three issues: unrealized gain or loss resulting from FV measurement recognized in other comprehensive income (OCI), recognition of assets at FV or historical cost and the disclosure or non-disclosure of the FV of collateral assets. It uses an experiment carried out with a sample of 29 CFA analysts.

Findings

The results show that all three issues have a significant effect on analysts’ judgment and decision-making in processing FV estimates.

Originality/value

The paper extends knowledge on how financial analysts perceive FV estimates and disclosure and may help the accounting standard boards assess the challenges facing analysts when they apply professional judgments in interpreting FV measurements and disclosures. Moreover, it offers fresh views to the debate on the decision usefulness of FVA, particularly relevant in the post-implementation review of IFRS 13.

中文翻译：

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从用户角度看公允价值会计：关于金融分析师如何在决策中依赖公允价值估计的实验

目的

本论文旨在了解公允价值会计 (FVA) 是否会影响分析师的贷款批准决定和违约风险判断。

设计/方法/方法

本研究重点关注三个问题：在其他综合收益 (OCI) 中确认的 FV 计量导致的未实现收益或损失、按 FV 或历史成本确认资产以及披露或不披露抵押资产的 FV。它使用了一个由 29 名 CFA 分析师组成的样本进行的实验。

发现

结果表明，这三个问题对分析师在处理 FV 估计时的判断和决策都有显着影响。

原创性/价值

本文扩展了金融分析师如何看待 FV 估计和披露的知识，并可能帮助会计准则委员会评估分析师在应用专业判断来解释 FV 测量和披露时面临的挑战。此外，它为关于 FVA 决策有用性的辩论提供了新的观点，尤其是在 IFRS 13 的实施后审查中。