What is ‘Fair Value’ in an Accounting Context?
In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to ‘fair value.’ Examples of assets that may currently be reported at fair value
In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to ‘fair value.’ Examples of assets that may currently be reported at fair value
Business assets are generally reported at the lower of cost or market value. Under this accounting principle, certain assets are reported at fair value, such as asset retirement obligations and
The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles is ‘fair value.’ This differs from other valuation standards that may apply when valuing a security