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Considerations On Applying Fair Value In Romania

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  • Diana Cozma Ighian

    (Faculty of Sciences North University Baia Mare, Romania)

Abstract

The disadvantages of preserving an accounting system based on historical cost and the need to adapt the accounting model to the investors’ requirements, has made it necessary to find solutions; one such solution is to use other valuation bases, instead of historical cost. The reshaping of the value- based accounting model consists of reconsidering the basic principles of valuation, allowing accountancy to progress from the system of historical cost to that of fair value. The concept of fair value has been the source of vivid debates with regards to its meaning in contemporary accountancy, both in theory and in practice. Due to the ever increasing importance of the concept of fair value, particularly visible lately, we have decided it was relevant to focus our research work on the analysis of how this concept was adopted in Romania.

Suggested Citation

  • Diana Cozma Ighian, 2011. "Considerations On Applying Fair Value In Romania," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 58, pages 3-11, november.
    • Handle: RePEc:aic:journl:y:2011:v:57:p:3-11
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    File URL: http://anale.feaa.uaic.ro/anale/resurse/ctb1cozma.pdf
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    References listed on IDEAS

    as
    1. repec:dau:papers:123456789/1858 is not listed on IDEAS
    2. Stephen Penman, 2007. "Financial reporting quality: is fair value a plus or a minus?," Accounting and Business Research, Taylor & Francis Journals, vol. 37(S1), pages 33-44.
    3. Jean-François Casta & Bernard Colasse, 2001. "Juste valeur," Post-Print halshs-00669417, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    fair value; empirical study; historical cost; evaluation;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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