Does the Model of Evaluation Based on Fair Value Answer the Requests of Financial Information Users?

Does the model of evaluation based on the fair value answers the requests of the financial information users? The financial situations have as purposes the presentation of the information concerning the enterprise financial position, the performances and modifications of this position which, according to IASB and FASB, must be credible and useful. Both referential maintain the existence of several conventions regarding assessment, like historical cost, actual cost, the realizable value or actualized value that are characterized through different degrees of credibility and reliability. The historical cost, habitually used across the years, appears from real transactions that the enterprise underwent as a real value at the moment of initial recognition. The fair value, sustained and used lately, reflects an estimation and not only an assertion (inducing the market value) and tends to cover all the values appearing out of the economical plans. It is the only evaluation base including derived instruments. Could it be asserted that the evaluation model residing in the fair value is in concordance with the needs and requests of the financial information users? This paper shows pro and against argumentations but also some necessary actions and measures to be taken by the specialists in the field.