THE CONCEPT OF FAIR VALUE

The article discusses historic and present day approaches to the concept of fair value from the point of view of IFRS 13 provisions. History of the fair value development shows the continuous extension of its use in overseas countries. This trend is also observed today. The authors analyze problems...

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Main Authors: Anna N. Petrova, Vera I. Bazhenova
Format: Article
Language:Russian
Published: Plekhanov Russian University of Economics 2017-12-01
Series:Вестник Российского экономического университета имени Г. В. Плеханова
Subjects:
Online Access:https://vest.rea.ru/jour/article/view/394
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author Anna N. Petrova
Vera I. Bazhenova
author_facet Anna N. Petrova
Vera I. Bazhenova
author_sort Anna N. Petrova
collection DOAJ
description The article discusses historic and present day approaches to the concept of fair value from the point of view of IFRS 13 provisions. History of the fair value development shows the continuous extension of its use in overseas countries. This trend is also observed today. The authors analyze problems connected with defining and methodology of calculating the fair value, investigate theoretical and practical issues dealing with establishing this type of assessment and offer ideas about the use of fair value in Russia.  They show obstacles to using this assessment and its advantages and disadvantages. The possibility to use fair value for all entities of accounting is considered.
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institution DOAJ
issn 2413-2829
2587-9251
language Russian
publishDate 2017-12-01
publisher Plekhanov Russian University of Economics
record_format Article
series Вестник Российского экономического университета имени Г. В. Плеханова
spelling doaj-art-3fbf85eac6c142ff9181fcf4f93e6f4d2025-08-20T02:53:23ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512017-12-0105727710.21686/2413-2829-2017-5-72-77384THE CONCEPT OF FAIR VALUEAnna N. Petrova0Vera I. Bazhenova1Inter-Regional Open Social Institute.Inter-Regional Open Social Institute.The article discusses historic and present day approaches to the concept of fair value from the point of view of IFRS 13 provisions. History of the fair value development shows the continuous extension of its use in overseas countries. This trend is also observed today. The authors analyze problems connected with defining and methodology of calculating the fair value, investigate theoretical and practical issues dealing with establishing this type of assessment and offer ideas about the use of fair value in Russia.  They show obstacles to using this assessment and its advantages and disadvantages. The possibility to use fair value for all entities of accounting is considered.https://vest.rea.ru/jour/article/view/394ifrs 13market valuemarket participantsassetsliabilities
spellingShingle Anna N. Petrova
Vera I. Bazhenova
THE CONCEPT OF FAIR VALUE
Вестник Российского экономического университета имени Г. В. Плеханова
ifrs 13
market value
market participants
assets
liabilities
title THE CONCEPT OF FAIR VALUE
title_full THE CONCEPT OF FAIR VALUE
title_fullStr THE CONCEPT OF FAIR VALUE
title_full_unstemmed THE CONCEPT OF FAIR VALUE
title_short THE CONCEPT OF FAIR VALUE
title_sort concept of fair value
topic ifrs 13
market value
market participants
assets
liabilities
url https://vest.rea.ru/jour/article/view/394
work_keys_str_mv AT annanpetrova theconceptoffairvalue
AT veraibazhenova theconceptoffairvalue
AT annanpetrova conceptoffairvalue
AT veraibazhenova conceptoffairvalue