EVALUATION IN ACCOUNTING. THE FAIR VALUE. PAST, PRESENT AND FUTURE

Diana Elena Brînză, Maria Bădoi

Abstract


In this modern era which changes rapidly, theinformation comprised in financial statements must be pertinent and relevant, qualities which weren’t seen before within the historical cost evaluation. Because of this, another evaluation basis was imposed: the fair value.Within the pages of this article, we intend to present some important aspects regarding this value more and more used in the accounting language.We shall realize a short incursion through the specialty literature regarding the evolution of this concept and we shall present the position of the executives of financial report regarding the fair value and not at least the effects of the financial crisis upon this evaluation basis.


Keywords


fair value; historical cost; evaluation

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
300645, Timisoara, Calea Aradului 119, Romania

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