Euro zone and Fair value: Difference between pages

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imported>Doug Williamson
(Identify the 19 euro area countries and the 9 other EU countries expressly.)
 
imported>Doug Williamson
(Update for FRS 102)
 
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The collective name for the 19 countries adopting European Monetary Union (EMU) in full.
1.
Sometimes written 'Euro zone', 'Eurozone', 'eurozone' or 'Euro-zone'.


More formally known as the 'euro area' and more informally as 'euroland'.  
The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction.




The 19 countries in the euro area are:
2.


Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
More specifically, the price at which an asset can be bought or sold in transparent markets, where contracting parties are informed and act in their best interest.  It represents the theoretical equilibrium price of securities or derivatives on open markets, for example, both buyers and sellers do not perceive them as overpriced or under-priced.




The nine European Union countries which are not in the euro area are:
3. ''Financial reporting.'' 


Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom.
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between [[market participant]]s at the valuation date.
 
Also known as Fair market value.
 
 
Relevant accounting standards include IFRS 13 and Section 9 and Section 19 of FRS 102.




== See also ==
== See also ==
* [[Central bank]]
* [[Assets]]
* [[Eurobond]]
* [[Face value]]
* [[European Central Bank]]
* [[IFRS 13]]
* [[European Financial Stability Facility]]
* [[FRS 102]]
* [[European Monetary Union]]
* [[FVTPL]]
* [[European Union]]
* [[FVTOCI]]
* [[Grexit]]
* [[Liabilities]]
* [[Market approach]]
* [[Cost approach]]
* [[Income approach]]


[[Category:Long_term_funding]]
[[Category:Corporate_finance]]

Revision as of 10:44, 6 November 2015

1.

The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction.


2.

More specifically, the price at which an asset can be bought or sold in transparent markets, where contracting parties are informed and act in their best interest. It represents the theoretical equilibrium price of securities or derivatives on open markets, for example, both buyers and sellers do not perceive them as overpriced or under-priced.


3. Financial reporting.

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date.

Also known as Fair market value.


Relevant accounting standards include IFRS 13 and Section 9 and Section 19 of FRS 102.


See also