180-189

• Bonaci, Carmen Giorgiana
• Strouhal, Jiři
• Mustata, Razvan V.

Paper contributes to the debate on fair value measurements by clarifying the current state of accounting regulations in the international area comparing main differences between IFRS (IFRS 13) and US GAAP (SFAS 157 – Topic 820). Paper develops an analysis focusing on professional valuers and their activity in the area of financial instruments’ measurement in order to dimension their opinion, knowledge and perceptions in relation to a series of transformation processes taking place at national and international level. The employed research methodology relies on implementing a questionnaire survey. The questionnaire represents the main research instrument used and was directly administered through an electronic communication channel. The developed descriptive analysis presents a series of details related to respondents’ perceptions on the issue of financial instruments’ measurement in general, their involvement in the recent financial crisis and the concept of fair value. The results offer significant insights on the manner in which professionals in the area of accounting handled the dynamic of their national accounting system, therefore suggesting ways to optimize the profession’s future development. Capturing the perception of professionals in the area of accounting is integrated within a larger objective that looks at the respondents as a significant element in the dynamic of a national accounting system that went through complex accounting reforms of more than two decades.

• Economics and Business
• Computer and information sciences

• Finance
• Value
• Statistics

fair value, IFRS, US GAAP, financial instruments, professional valuers, measurement, accounting professionals

Περιέχει διαγράμματα, παράρτημα πινάκων και βιβλιογραφία

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