FAIR VALUE: A VALUATION MODEL INCORPORATED IN INTERNATIONAL FINANCIAL REPORTING STANDARDS (Article published in Spanish)
DOI:
https://doi.org/10.1016/S0123-5923(11)70148-6Keywords:
Valuation model, reasonable value, fair value, measurement criteriaAbstract
The concept of fair value, which has appeared for decades in Anglo-Saxon accounting literature, gained great significance when it was incorporated by the International Accounting Standards Board (IASB) as a pricing model in International Financial Reporting Standards. Nevertheless, its meaning, when it is used, how it is determined, its impact on the equity of a company, and other aspects of meaning are scattered throughout various standards. Decision makers need to have a clear idea of the subject. This article presents a compilation and reflections on these issues without attempting to be exhaustive.
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