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Fair-ValueAccounting andFinancialStatement AnalysisinThaiInsuranceCompanies |
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| รหัสดีโอไอ | |
| Creator | Keertiman Sharma |
| Title | Fair-ValueAccounting andFinancialStatement AnalysisinThaiInsuranceCompanies |
| Publisher | Stamford International University, Thailand |
| Publication Year | 2561 |
| Journal Title | ASEAN Journal of Management & Innovation |
| Journal Vol. | 5 |
| Journal No. | 2 |
| Page no. | p 176-188 |
| Keyword | Fair value accounting, historical cost, DEA, financial statement analysis, Thai insurance Companies |
| URL Website | http://ajmi.stamford.edu |
| Website title | AJMI -ASEAN Journal of Management & Innovation |
| ISSN | 2351-0307 |
| Abstract | Historical cost basis has been a fundamental tenetof accounting for assets and liabilities in many countries. Historical costs are normally perceivedas more reliable. On the other hand, fair value accounting provides more relevant information to the stakeholders like shareholders, prospective investors and creditors. As more and more countries are harmonizing their Accounting standards with that of International Financial Reporting Standards (IFRS) prepared by IASB, the use of fair value accounting is gaining popularity. This paper addresses whether a change from historical cost to the fair value method affects financial statement analysis. Data Envelopment Analysis (DEA)has been performed, on key financial statement items. Then, the resultsbased on fair-valuehave been compared with that of the historical cost basis for ten (10) Thai insurance Companies (Public Companies Limited). The findings report the change in efficiency scores of these Thai insurance companies and whether the relative efficiency to each other altered when they shift from historical cost to the fair value basis. |
