Application of the fair-value concept : evidence from Australian legal decisions Betts, Jennifer and Wines, Graeme 2004, Application of the fair-value concept : evidence from Australian legal decisions, Australian accounting review, vol. 14, no. 32, pp. 63-72, doi: 10.1111/j.1835-2561.2004.tb00284.x. Attached Files Name Description MIMEType Size Downloads Title Application of the fair-value concept : evidence from Australian legal decisions Author(s) Betts, Jennifer Wines, Graeme Journal name Australian accounting review Volume number 14 Issue number 32 Start page 63 End page 72 Publisher Blackwell Publishing Place of publication Melbourne, Vic. Publication date 2004-03 ISSN 1035-6908 1835-2561 Summary The concept of "fair value" is increasingly being incorporated into Australian and international accounting standards and pronouncements. The fair-value concept has also been established and developed in Australian legal cases, and an examination of pertinent court decisions is of interest to accountants. By examining and analysing relevant cases, the paper highlights some of the principles and difficulties involved in operationalising the fair-value concept for accounting and legal purposes, particularly in situations where the asset being valued is subject to imperfect or incomplete markets. Notes Published Online: 31 Dec 2008 Language eng DOI 10.1111/j.1835-2561.2004.tb00284.x Field of Research 150103 Financial Accounting HERDC Research category C1 Refereed article in a scholarly journal Copyright notice ©2004, CPA Australia Persistent URL http://hdl.handle.net/10536/DRO/DU:30002406 Document type: Journal Article Collections: Faculty of Business and Law School of Accounting, Economics and Finance Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Thu, 08 Jan 2009, 09:23:50 EST Wed, 22 Jul 2009, 09:42:56 EST Wed, 22 Jul 2009, 15:37:48 EST Tue, 01 Jun 2010, 13:51:09 EST Fri, 13 Jun 2014, 22:13:58 EST Fri, 22 Aug 2014, 13:55:23 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 777 Abstract Views, 0 File Downloads  -  Detailed Statistics Created: Mon, 07 Jul 2008, 08:23:51 EST