Response to a Discussion Paper Issued by the IASC/CICA Steering Committee on Financial Instruments, "Accounting for Financial Assets and Financial Liabilities"
美国会计学会财务会计准则委员会回应IASC/CICA讨论文件，支持所有金融资产和负债按公允价值计量并将损益计入收益，并基于美国金融机构研究从资产负债表、利润表及全面与部分公允价值会计三个维度提供学术证据。
Abstract This article comments on a discussion paper entitled Accounting for Financial Assets and Financial Liabilities, issued by the IASC/CICA Steering Committee on Financial Instruments. The Financial Accounting Standards Committee of the American Accounting Association (the Committee) is charged with responding to requests by standard setters on issues related to financial reporting. Although the comments submitted are those of the Committee and not those of the American Accounting Association, the Committee serves the purpose of increasing the Association's influence in this important area. And this comment is part of the responsibilities of the Committee. The Committee strongly supports the proposed principles and guidance set forth in the Discussion Paper and agrees with the basic premise of the document that at acquisition and subsequent to initial recognition, all financial assets and liabilities should be measured at fair value and that all gains and losses arising from fair valuation should be included in income. The Committee's response is a summary of the findings of academic research on accounting for fair values of financial instruments that may be useful to the deliberations of the IASC, as well as other standard setters. It is organized along three research dimensions: (1) fair values and the balance sheet, (2) fair values and the income statement, and (3) partial fair value accounting vs. comprehensive fair value accounting. An important caveat to the discussion is that the research is almost exclusively on U.S.-based financial institutions traded on U.S. stock exchanges. This limits the ability to extrapolate the research findings to other types of organizations that may hold different types of financial assets and issue different types of financial liabilities.