期刊名称：Annals of the University of Oradea : Economic Science
印刷版ISSN：1222-569X
电子版ISSN：1582-5450
出版年度：2009
卷号：XVIII
期号：03
出版社：University of Oradea
摘要：This paper approaches a frequently discussed subject in the context of the current global economic crisis,
namely the fair value. The accounting concept, which implies that entities – in a different degree from one
accounting system to another – should recognize assets and liabilities at market values and often in the
profit and loss account, has been accused of exacerbating the dramatic decrease in value of tangible and
financial assets. The transparency ensured by fair value and its credibility are subject to polemics. In our
opinion fair value increases the quality of accounting information, if it is correctly determined, disclosed
and controlled. After a theoretical and normative presentation of the concept, we herein supply a solution
for establishing fair value according to the international accounting regulations. The paper focuses on the
issue of revenues and explains the fact that their corresponding fair value is determined through the
discounted value. Using demonstrative case studies, it develops punctual methods for establishing discount
rates and present values specific to revenues.
