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General Aspects On The Accounting Estimation- Fair Value Report

Author

Listed:
  • Claudiu Serban
  • Dalia Simion
  • Sabin Armaselu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

In the current context of the global economy, marked by profound changes, obtain as accurate a picture through financial reports is of undeniable importance and significance of the value is very complex. The result of the evaluation, the purpose of financial reporting, is, most often to express a numerical value for the item assessed. The fair value resulted because of the need satisfaction, expressed by users of financial statements, in that it had found a valuation model elements supporting the financial position and financial condition of the entity and to answer questions like: Do I have to do? I need to buy, keep or sell assets held? Current context encourages us to believe that fair value is a sustainable concept in financial reporting, taking into account the implementation of its upward trend in economic entities.

Suggested Citation

  • Claudiu Serban & Dalia Simion & Sabin Armaselu, 2013. "General Aspects On The Accounting Estimation- Fair Value Report," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 115-120.
    • Handle: RePEc:aio:aucsse:v:1:y:2013:i:41:p:115-120
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    File URL: http://feaa.ucv.ro/AUCSSE/0041v1-018.pdf
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    More about this item

    Keywords

    fair value; accounting estimates; financial reporting; historical cost;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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