UNDERSTANDING THE FAIR VALUE MEASUREMENT CONCEPT IN INDIAN CORPORATES- ISSUES AND CHALLENGES

Abstract

Fair value measurement got inescapable to monetary announcing over most recent 20 years. Under fair value accounting, entities are obliged or allowed to quantify specific resources and liabilities at their fair value as at the revealing dates. Fair value is a current market-based theoretical worth. This market value isn't in every case straightforwardly detectable. The discussion on handiness of fair value accounting has emerged with respect to the monetary crunch and financial emergency in years 2007-2009. The rivals of fair value accounting demand that financial reporting dependent on fair value measurement has quickened the monetary emergency and fundamentally deteriorated the effect on influenced organizations. Then again, there are a few significant assessments for fair value accounting. The paper point is to add to the real discussion whether fair value measurement concept assumed the part of a messenger or a mover in the new monetary crunch and subsequent economic recession and to examinations the issues and challenges of fair value accounting from the corporate perspective.