Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment
Journal of Finance and Accounting
Volume 2, Issue 6-1, December 2014, Pages: 13-20
Received: Oct. 1, 2014; Accepted: Oct. 9, 2014; Published: Oct. 24, 2014
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Authors
Svitlana Kuznetsova, Department of International Finance and Banking, Alfred Nobel University, Dnipropetrovs’k, Ukraine
Inna Tyvanyuk, Department of International Finance and Banking, Alfred Nobel University, Dnipropetrovs’k, Ukraine
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Abstract
Transformation of approaches to using different measurements in closing financial statements has been analyzed in this article. Evolution of the term “fair value” has also been systematized; fair value measurement development has been investigated in the international environment. Normative regulation to using measurements on fair value in Ukraine has been presented. Algorithm for choosing the form of accounting using fair value in the context of chaotic environment has been proposed.
Keywords
Fair Value, Financial Statement, IFRS, US GAAP, Financial Statement Measurement
To cite this article
Svitlana Kuznetsova, Inna Tyvanyuk, Measurement in Financial Statement: Retrospection and Prospects in the Chaotic Environment, Journal of Finance and Accounting. Special Issue: Synergy of Accounting, Finance and Management in Chaotic Environment. Vol. 2, No. 6-1, 2014, pp. 13-20. doi: 10.11648/j.jfa.s.2014020601.13
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