APPLICATION OF THE ENTITY ASSETS MEASUREMENT METHODS IN PREPARING THE FINANCIAL STATEMENTS
APPLICATION OF THE ENTITY ASSETS MEASUREMENT METHODS IN PREPARING THE FINANCIAL STATEMENTS

Summary/Abstract: In conditions of globalization of the world economy, development of the assets measurement uniformed rules and methods is deemed one of the most important factors for ensuring competitiveness of entities of the international markets. According to requirements of the International Financial Reporting Standards, a clause that meets a meaning of element of the financial reporting, should be recognized and reflected in the financial statement if it has a par value or a value and, can be measured reliably. This requirement relates also to the assets reflected in the financial reporting, which fair value may be changed during a time due to various reasons. Therefore, an entity should re-measure within certain intervals of time the assets it holds and, fix their fair value as at a given moment. Considering the aforementioned, the issues of measurement of the assets of enterprises, is critically important. The present Article deals with the methods of measurement used for certain classes of assets, as well as the real value measurement issues and, and the author’s opinion on all this.

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