Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Historical review of concept of fair value
Available online: 21 November 2012 Subject Heading: ON THE WAY TO THE INTERNATIONAL STANDARDS JEL Classification:
The article presents a historical overview of the main stages in the development of the fair value. The study of legal documents and scientific studies in the evaluation of assets and liabilities shows that the concept of fair value is not fundamentally new stage in accounting. The fair value existed as a part of cost/current value measurement model from the mid nineteenth century and up to 1970s. It is suggested that further development of the concept of fair value will continue in the mixed measurement model. Keywords: fair value, measurement base, financial statement, IFRS |
ISSN 2311-9381 (Online)
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