publication . Article . 2016

Fair value accounting – pros and cons

Gorgieva-Trajkovska, Olivera; Temjanovski, Riste; Koleva, Blagica;
Open Access
  • Published: 01 Dec 2016
  • Publisher: Faculty of Economics, University Goce Delcev, Stip
  • Country: Former Yugoslav Republic of Macedonia
Abstract
Fair value accounting continues to be a topic of significant interest and debate among the preparers and users of financial information. Fair value continues to be an important measurement basis in financial reporting. It provides information about what an entity might realize if it sold an asset or might pay to transfer a liability. In recent years, the use of fair value as a measurement basis for financial reporting has been expanded, even as the debate over its usefulness to stakeholders continues. Determining fair value often requires a variety of assumptions, as well as significant judgment. Thus, investors desire timely and transparent information about ho...
Subjects
free text keywords: Economics and business
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