International Financial Reporting Standards (IFRS): Fair Value Measurement for Investors
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 6
Abstract
The purpose of the article is to discuss the core element in the International Financial Reporting Standard as it relates to the question of using fair value measurement in the valuation of the aassets, tangible and intangible assets of companies. There is the conceptual framework of financial International Reporting Standard;13 for fair value measurement. The fair value measurement of Assets of companies will have lots of challenges especially in the developing economy. The developed economy have well defined capital markets for transactions in shares and financial instruments and organized markets for second-hand Assets like Buildings, Plants and Machinery etc. But in the developing economy where the capital markets are not fully developed and with unorganised markets for second-hand items. (Buildings, Plants and Machineries etc.), but despite the latter, the fair value accounting, will still benefit the developing economies for interaction to the global market for generation of foreign capital into their countries. In effect, the introduction of fair value measurement makes net capital converge towards its market value, will be the same for developing economies as well as in developed economies.
Authors and Affiliations
Obi Chineze Eunice
Keywords
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- DOI 10.9790/5933-0906037882.
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