Abstract
The chapter reviews the applicability of the fair value measurement concept to pension assets and liabilities, concluding that difficulties are likely to arise in measuring pension liabilities at far value, owing to the absence of well-developed markets for such liabilities.
| Original language | English |
|---|---|
| Title of host publication | The Routledge Companion to Fair Value and Financial Reporting |
| Editors | Peter Walton |
| Place of Publication | Abingdon |
| Publisher | Routledge |
| Pages | 340-349 |
| ISBN (Print) | 9780415423564 |
| Publication status | Published - 2007 |
Keywords
- Fair value
- Accounting for retirement benefits
- Pension assets
- Pension liabilities