Fair value measurement methods

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Ivane Javakhishvili Tbilisi State University Press
The fair value measurement methods have certain positive sides, namely: Objective measurement of the cash flows coming from the use of the assets, the assets-related maximally possible comparable information, and an effective assessment of the results of activity of an entity. However, in line with the positive sides, there are also negative side effects: In the absence of an active market there is a high level of uncertainty, as there is a rare asset except for the standard ones, for which there can be no active market, not even a single transaction. The standard says nothing about measurement of such assets Moreover, the standard does not provide the measurement method for the assets that have been obtained free of charge and as a result of inventory. In our opinion, it seems to be desirable to use the Revenues Method for measuring such assets.
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real value; market approach; expenditure approach; income approach
III International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2018, pp. 249-253