The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of EDUCATION AND INFORMATION TECHNOLOGIES
Transactions ID Number: 20-857
Full Name: Ionica Holban (Oncioiu)
Position: Senior Lecturer
Age: ON
Sex: Female
Address: CONSTANTA, 5A BRIZEI STREET, BL FB7A, SC A, AP1
Country: ROMANIA
Tel: 0040744322911
Tel prefix: 0040241682238
Fax: 0040241682238
E-mail address: NELLY_ONCIOIU@YAHOO.COM
Other E-mails: nelly@cta.ro
Title of the Paper: Reflecting on the Fair Value Under IFRS for SMEs: Challenges and Perspectives
Authors as they appear in the Paper: Ionica Holban (Oncioiu)
Email addresses of all the authors: NELLY_ONCIOIU@YAHOO.COM
Number of paper pages: 8
Abstract: International Financial Reporting Standards (IFRSs) require or permit various assets, liabilities and equity instruments to be measured at faire value. There are two distinct dimensions to the consideration of alternatives to fair value. The first is to examine alternative current values, and the second is to consider historical costs. Discussions of fair value often fall in to the trap of debating the relative merits of fair value and historical cost while ignoring the existence of alternative current values. Thus fair value can, wrongly, be regarded as the only alternative to historical cost. In order to avoid giving this false impression, the current discussion will focus first on alternative measures of current value. The credibility regards a reasonable evaluation, the using of market information in all possible situations for evaluating and justifying the subjective arguments. Starting from these concepts, the users of the accountancy information of SMEs had !
demanded the elaborating of a model for a general appliance of the fair value. This paper analyses the answer of the question regarding on using the fair value under IFRS for SMEs, and also various controversial issues of the concept of fair value it as it is presented in the current project of the IASB and FASB.
Keywords: fair value, IFRS, SMEs.
EXTENSION of the file: .doc
Special (Invited) Session: Reflecting on the Fair Value Under IFRS for SMEs: Challenges and Perspectives
Organizer of the Session: 658-398
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