公正価値測定の適用領域を巡る考察―概念フレームワーク見直しを踏まえて―

Consideration of the Area of Applying Fair Value Measurement: Based on Review of the Conceptual Framework

公開日:2017.10.18

発行日
2017年08月31日
概要
 As a basis for selecting fair value measurement, IFRS 9 Financial Instruments is built on a classification and measurement approach for financial assets that reflects the business model under which they are managed. It is a similar concept to “the nature of an entity’s business activities” (i.e., “financial investment,” “business investment”) in the sense that it varies with business decision-making. “The nature of an entity’s business activities” can be the principle criterion for measurement of financial performance, but the practical problem of what to include in “financial investment” remains. In “business investment” as well, in view of the usefulness to investors for selecting fair value as the basis for the measurement of financial condition, the viewpoints of possibility of future sale and reliability of measurement may be affected.
 On the other hand, the IASB stated that in the review of the conceptual framework, if measurement uncertainty is very high, a measurement basis different from fair value may provide more appropriate information. If there is material uncertainty in measurement and lack of reliability, then fair value measurement may be inappropriate for both financial performance and financial condition. Level 3 fair value measurements are inappropriate for areas (called “Level 4” by the author) in which models are not formulated and that have material uncertainty in measurement. In this case, even if the estimate is appropriately disclosed, “faithful representation” cannot be considered sufficient. In empirical research regarding value relevance of additional disclosure related to Level 3 fair value in the notes to financial statements, it would be desirable to employ more exhaustive analysis by further dividing Level 3 into “Level 4” and “other Level 3.”
キーワード

レベル3 公正価値測定(level 3 fair value measurement)

事業モデル(business model)

事業活動の性質(nature of an entity’s business activities)

忠実な表現(faithful representation)

測定の不確実性(measurement uncertainty)

文献等

掲載誌名・書名:

企業研究, 第31号, pp.289-307

公開者・出版社:

企業研究所

書誌コード類:

ISSN: 1347-9938

種類
紀要
言語
日本語
権利情報
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