European Financial and Accounting Journal 2011, 6(1):60-75 | DOI: 10.18267/j.efaj.39

Fair Value Measurement in Financial Reporting

Dana Dvořáková
Doc. Ing. Dana Dvořáková, Ph.D. - docent; Department of Financial Accounting and Auditing, Faculty of Finance and Accounting, University of Economics, Prague, W. Churchill Sq. 4, 130 67 Prague, Czech Republic; <ddvorak@vse.cz>.

Measurement in financial accounting has been the most discussed issue in recent decades. The last very important result of the convergence process between IFRS and U.S. GAAP was adopting IFRS 13 - Fair Value Measurement in May 2011. The objective of IFRS 13 is to unify the approaches to determining fair value under IFRSs. The aim of this paper is to offer a comprehensive evaluation of the pros and cons that this standard brings.

Keywords: Accounting, Assets, Fair value, Historical cost, Liabilities
JEL classification: M41

Published: March 1, 2011  Show citation

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Dvořáková, D. (2011). Fair Value Measurement in Financial Reporting. European Financial and Accounting Journal, 6(1), 60-75. doi: 10.18267/j.efaj.39
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