Fair Value

Fair Value is "the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties, in an arms length transaction." This is equivalent to the market value of the asset where one exists. If there is no market the fair value can be determined on a cost of acquisition basis.

Related Pages

External Links & References

  1. AASB116
  2. Wikipedia Article
  3. APV Fair Value Decision Tree
  4. Fair Value Accounting (Khan Academy)
  5. Fair Value Pro United Kingdom
  6. Fair Value Pro Australia
Page tags: am definitions f finance
page revision: 14, last edited: 06 Dec 2011 05:19
EditRate (0)TagsDiscuss History Files Print Site tools+ Options
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License