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Advisor(s)
Abstract(s)
The
recent
economic
and
financial
crisis
has
drawn
an
increasing
attention
on
the
use
of
Fair
Value
accounting,
in
particular
on
whether
it
was
partly
responsible
for
the
crisis
itself.
The
main
goal
of
this
dissertation
is
to
provide
to
readers
a
real
perception
of
the
challenges
that
companies
faced
and
the
changes
they
had
to
adopt
because
of
the
increasing
use
of
the
Fair
Value
concept.
This
is
a
complex
theme
that
raises
several
important
issues,
underpinned
by
many
people’s
opinion
that
Fair
Value
is
the
most
realistic
and
reliable
method
to
be
applied
in
the
measurement
of
assets
and
liabilities.
This
work
is
focused
on
a
large
Business
Group
that
operates
in
real
estate
promotion,
in
building
materials,
as
well
as
in
the
car
parking
business.
It
underwent
less
positive
results
over
the
last
few
years
with
significant
adjustments
as
a
result
of
the
application
of
the
Fair
Value
concept
in
the
measurement
of
almost
all
its
assets
and
liabilities.
All
the
changes
and
variations
that
resulted
from
these
adjustments
are
analyzed
and
commented
in
the
next
pages.