INTERNATIONAL JOURNAL OF ACCOUNTING, FINANCE AND TAXATION

FAIR VALUE ACCOUNTING AND FINANCIAL REPORTING OF CORPORATE ORGANISATIONS INNIGERIA

James Kereotu Oyadonghan, Emotongha Baff Bekeboh

May 9, 2026

Citation

INTERNATIONAL JOURNAL OF ACCOUNTING, FINANCE AND TAXATION , Vol. 3 (3) (2026) , pp. 22-28

Details

ISSN: 3027-0378
Published: May 9, 2026
Status: Published

Abstract

This study examines the impact of fair value accounting on financial reporting of corporate organisations in Nigeria, focusing on its challenges and benefits. Fair value accounting provides relevant and transparent financial information and enhancing decision-making for stakeholders. Despite challenges such as subjectivity and market volatility, fair value accounting is essential for reflecting economic reality in financial reporting. The study's findings suggest that the benefits of fair value accounting, including increased transparency and comparability, outweigh its challenges. The study recommends clear guidance on fair value measurement, robust valuation models, and transparent disclosures. This research contributes to the ongoing debate on fair value accounting and provides insights for regulators, companies, investors, and future research.

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