Abstract:

This study examined the association between Fair Value Accounting and reliability of accounting information. The study adopted the survey research method in addition to also engaging the quantitative approach method. Users of accounting information represented by corporate investment analysts and corporate portfolio managers were the respondents for the purpose of this study. The population size is one hundred and sixty-one (161) users of accounting information decomposed into one hundred (100) Corporate Investment Analysts and sixty-one (61)Corporate Portfolio Managers giving a total of 161. Using a census approach where population size equal sample size, the sample size is 161. The Primary source of data was employed with the structured questionnaire being the instrument used to collect the data. One hypothesis was formulated and this was tested using the Pearson Product Moment Correlation Technique at a significant level of 5% and 10% while the Statistical Package for Social Science (SPSS) was engaged to analyse the data. Findings revealed a significant association between Fair Value Accounting and Reliability of accounting information of Listed Firms in Nigeria. Hence, the study recommended that adequate and regular training programs and conferences on Fair Value Accounting application should be organized for staff of companies.