TY  - JOUR
AB  - The financial statements of public companies located in the United Arab Emirates provide excellent examples of the impact that reporting investments at fair value can have on net income. This is because of the wide fluctuations in securities prices and real estate prices in recent years. Using an actual company, National General Insurance, which is located in Dubai in the United Arab Emirates, this case provides examples of the impact of fair value accounting for investments under International Financial Reporting standards (IFRS), for both securities and property investments. As US financial reporting moves towards harmonization with IFRS, it is critical to understand how reporting for investments under US Generally Accepted Accounting Principles (US GAAP) compares with international reporting standards. Specific learning objectives include gaining an understanding of the reporting requirements for investments under IFRS, understanding the difference between reporting requirements for investments under US GAAP and IFRS, and understanding both the positive and negative impacts on reported net income from using fair values for reporting investments.
VL  - 5
IS  - 2
SN  - 1544-9106
DO  - 10.1108/TCJ-05-2009-B008
UR  - https://doi.org/10.1108/TCJ-05-2009-B008
AU  - Swift Kenton
AU  - McFetridge Mel
PY  - 2009
Y1  - 2009/01/01
TI  - Financial Reporting for Investments: The Case of National General Insurance Company
T2  - The CASE Journal
PB  - Emerald Group Publishing Limited
SP  - 203
EP  - 213
Y2  - 2024/04/24
ER  -