Fair Valuation of Financial Liabilities

通过2000年至2002年这三年的研究，我可以初步得出以下结论：我对固定金融负债和或有金融负债进行了全面的研究，主要从借款、退休后福利准备、其他准备和或有金融负债的角度进行研究。结果表明，通过将事件发生的概率纳入期望值的计算，可以区分出数量和时间相同但概率不同的两个事件。然而，必须更多地考虑它是否应该是平衡的。如果一个或有事件作为一个或有负债在余额上，而这个或有事件从来没有余额过，我们不仅要检查信息的有用性，还要检查该或有事件在余额上发生变化的收益的质量。不幸的是，由于我们还没有解决后一个问题，我们还没有能够在目前公认的会计理论的约束下，为所有金融负债的公平估值制定一个全面和一致的理论

Through my research during the three years from 2000 to 2002, I have been able to provisionally conclude the foll owing ; I have comprehensively researched both fixed and contingent financial liabilities, mainly from the point-of-view of borrowing, provision for post-retirement benefits, other provisions, and contingencies. The results showed that we can distinguish between two events with the same amount and timing, but that are different in probability, by including the probability of an event into the calculation of the expected value. However, more consideration must be given as to whether or not it should be on balance. If a contingent event is on balance as a contingent liability that has never been on balance, we have to check not only the usefulness of the information, but also the quality of the income into which on-balance of the contingent one made change. Unfortunately, because we have not solved the latter problem, we have as yet not been able to formulate a comprehensive and consistent theory for fair valuation of all financial liabilities under the constraints of the currently accepted accounting theory