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Dynamics Of The Fair Value In Accounting

Author

Listed:
  • Mihai Ristea

    (Bucharest Academy of Economic Studies, Bucharest, Romania)

  • Ionel Jianu

    (Bucharest Academy of Economic Studies, Bucharest, Romania.)

Abstract

Until now, the historical cost principle has dominated accountancy. At this time, another princi-ple seems to operate: the fair value principle. The discussion will gravitate around the questions: What is fair value? How has concept of fair value evolved? How much is the fair value used as the ba-sis for measurement in IFRS? Are we moving towards a full fair value? In conditions of economic crisis, the measurement at fair value offers pertinent information? To answer at these questions, we have realized by one hand, a description of the manner which the notion of fair value evolved and in the other hand, a deep IFRS analysis which use fair value in assets and liabilities evaluation. As a re-sult of this study, it seems that the most of the assets and liabilities need to be measured at fair value or they may be measured at fair value, if the entity chooses this accounting treatment.

Suggested Citation

  • Mihai Ristea & Ionel Jianu, 2010. "Dynamics Of The Fair Value In Accounting," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 2010, pages 69-83, july.
    • Handle: RePEc:aic:journl:y:2010:v:se:p:69-83
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    Citations

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    Cited by:

    1. Roman Čibera, 2016. "Fair Value: Differences in approach to the value under financial accounting and asset valuation [Fair Value: Rozdíly v pojetí hodnoty v rámci finančního účetnictví a oceňování aktiv]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2016(1), pages 49-65.

    More about this item

    Keywords

    fair value; IFRS; measurement.;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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