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Debate Regarding Measuring Accounting Value: Historical Cost Against Fair Value


  • Victor Munteanu


  • Marilena Zuca



The transition from historical cost to fair value represents an option with major implications in accounting, because it is a complex process that requires tuning to today’s trends of national and global economy. We can state that with all the advantages of using historical cost it has its limitations and it is” getting old”. That doesn’t mean that will be abandoned but substituted when it is needed with another value. At present, the lack of historical value is inconceivable; many practitioners consider it to be the best method to evaluate assets.

Suggested Citation

  • Victor Munteanu & Marilena Zuca, 2017. "Debate Regarding Measuring Accounting Value: Historical Cost Against Fair Value," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 9(1), pages 77-84, March.
  • Handle: RePEc:khe:journl:v:9:y:2017:i:1:p:77-84

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    More about this item


    Fair Value; Historical Cost; Evaluation; Financial Statements; Use Of Accounting Information; Viable; IASB; IFRS;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting


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