The Philosophy of Assets Fair Value Presentation in Financial Statements

Publication of companies’ financial statements is carried out in accordance with the requirements International Accounting Standards, pursuit aim providing reporting users reliable decision-making information. The subject research scope assets fair value philosophy, based on generally accepted principles Financial Reporting Standards (IFRS), particular, prudence approach purpose article to give suggestions for improvement organizations, taking into account interests report, avoiding as much possible overestimation disposed or underestimation assumed liabilities. In addition, standards also require presentation at value, which somewhat contrary principle prudence. Philosophical issues asset valuation are discussed article, analyzing range approaches published by organizations. results proposals new philosophical assessment organization’s assets, according current should be presented market and philosophy non-current concept.