Historical Cost vs Fair Value in Accounting: Consequences for the Quality of Financial Information and the True and Fair View

In the conditions of an accelerated increase inflation rate last year and current geopolitical pressures, a problem arises as to whether using most relevant measurement basis reflecting economic reality supporting decision-makers in decision-making process. This paper analyzes controversies regarding effect measuring items financial statements based on historical cost over value, with emphasis fair value. this respect, referring series theoretical information examples use two bases also content analysis, we sought determine which is for true view, consequences cost/fair value quality view methods that are preferred by Romanian listed companies. The achieved results indicate choice between can be seen compromise relevance faithful representation, practice tendency resort mixed model being shaped years, generally resulting combining trend was confirmed case companies Bucharest Stock Exchange, slight transition from exclusive along certain cases balance analyzed observed.