The pros and cons of Fair Value accounting

Introduction
          The question probably every person has and especially the users of financial statement e.g. investors, shareholders etc is what really determines which values the financial accountants will use why they should care to know which values or costs, i.e. fair values, historical costs etc were used. Well, as far as accounting goes and also the need of the accountants, that is, the degree accuracy required or relevance or reliability of reports etc, the accountants base their decisions on these requirements while choosing which values or costs to use in….

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