COMPARISON OF THE ACCOUNTING CONCEPT “FAIR VALUE” WITH OTHER ECONOMIC VALUE CONCEPTS

Justine Jaunzeme
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Justine Jaunzeme: Ventspils University College (Latvia)

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 291-297

Abstract: Fair value is a measurement base found both in International Financial Reporting Standards and in Latvian accounting legislation. For the fair value measurements to be meaningful for financial analysts, consultants and other financial statement users, it is important that the fair value concept be understood in relation to other economic value concepts. The purpose of this paper is to compare the fair value concept of financial accounting to other economic value concepts. The qualitative method of logical analysis is the research methodology.

Keywords: fair value; active market; perfect competition; intrinsic value; financial accounting. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:291-297

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