Application of the fair value from decisions

This paper reviews the impact on decision making that will be faced by administrators and users of financial information with the entry of International Financial Reporting Standards IFRS for the preparation and presentation of financial statements in Colombia, especially with the addition the concept of fair value to measure assets and liabilities, which in theory will make these users have a better perception of the reality of the Society for decision making, however, there are also disadvantages which describe over assay. Given the above, the purpose of this essay is to answer the question: What is the impact of fair value concept in generating information useful for decision making? The essay is structured as follows: first the basic concepts and the current measurement system are presented in Colombia, we continue with the concept of fair value from a philosophical point of view using subjective and objective looks, then is different opinions of authors about the benefits and disadvantages in adopting the fair value method for measuring and finally present some conclusions in summary.

• Autores: Benitez Cely, Nelson Raúl
• Fecha de publicación: 2014
• Institución: Universidad Militar Nueva Granada
• Repositorio: Repositorio UMNG
• Idioma: spa
• OAI Identifier: oai:repository.umng.edu.co:10654/12018
• Acceso en línea: https://hdl.handle.net/10654/12018
• Palabra clave: CONTABILIDAD FINANCIERA; ANALISIS DE VALORES (CONTROL DE COSTOS); TOMA DE DECISIONES; International Financial Reporting Standards; Fair Value; Decision making; Normas internacionales de información financiera; Valor Razonable; Toma de decisiones
• License: http://purl.org/coar/access_right/c_abf2