Resumen

CASTELLANOS SANCHEZ, HEIBERG ANDRÉS. ACCOUNTING IMPLEMENTATION OF THE PRESENT VALUE IN VENEZUELAN CONTEXT. Rev.fac.cienc.econ. [online]. 2014, vol.22, n.1, pp.99-114. ISSN 0121-6805.

IFRS 13 (2012) "Fair value measurement" is aimed to unify, in a single standard, all existing rules about fair value measurements. In this regulatory context, the present value, evaluative criteria of Level 3 hierarchy varables, has emerged as the most widely accepted financial technique both in professional field practice and issuing authority. This paper focuses on elucidating the criteria used by public accountants of present value technique implementation in Venezuelan context. The study is part of a qualitative approach, based on secondary information supported by expert's opinion. It is concluded that the most common financial tool used, is Method-2 expected present value technique, for its construction the "capital asset pricing model" is used to get the discount rate.

Palabras clave : Present Value; Reasonable Value; IFRS 13; Future Cash Flows; Discount Rate.

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