Should Be Fair Value a Single Measurement Base in Financial Accounting?

摘要

Important characteristic of accounting systems, which substantially determines the explanatory power of accounting information, is the measurement method of particular segments of the financial statements. Accounting theory and practice has developed quite a wide range of possible approaches to the measurement in accounting. In the interest of reliability, clarity, and comparability of accounting data measurement is a significant part of the regulation of accounting both at the national level and within international accounting harmonization. Paper formulates key issues, which need accounting standard-setters to response within the process of regulatory rules determination and assess various approaches, their advantages and disadvantages especially during financial crisis conditions.