Fair value accounting is a concept whose main goal to provide quality information about financial status, success and cash flows in order satisfy the informational needs of investors. By introducing this concept, focus placed on balance sheet not income statement as was case historical cost concept. The reporting show assets, liabilities net assets at fair date. subject research work applicatio...

Subject. This article discusses the issue of defining Fair Value concept, its similarity and identification with concept Market Value. It examines specifics each particular value, defines Value, analyzes approaches (methods) fair value valuation, clarifies existing problems determining for purposes IFRS application. Objectives. The aims to define notion appropriate use in accounting, as well ex...