Abstract

PALAVECINOS, BERTA SILVA. Fair value: a valuation model incorporated in international financial reporting standards. estud.gerenc. [online]. 2011, vol.27, n.118, pp.97-114. ISSN 0123-5923.

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.

Keywords : Valuation model; reasonable value; fair value; measurement criteria.

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