Introduction

Fair value measurement is generally known as that price exchanged over a transaction successfully carried out, it is also, the price paid in transferring long and current liabilities in transaction carried out sequentially within parties involved on the date of measure. The accounting approach used for reports related to finance is the fair value measure of assets. Assets as well as companies liabilities are general organizational reporting instrument at the estimation of market price, inflows are received if assets are sold.
Accounting measurement of fair value is ascertained via the utilization of any technique adopted by parties into marketing, which under the practices of fair value measures IASB (2011), risk assumption would come to play while pricing economic resources on the bases of present market situations. In fair value evaluations, any organization hoping to settle firms’ indebtedness may not be regarded while evaluating fair value of an assets. In Nigeria, the following are some clear issues facing the putting into practice accounting for fair value measurement, some of which are; corporative bond, and recent public bond transactions in any marketing arena, some questions arose, in the development of expertise, are there valuation? In measurement of foreign exchange fair value, are the valuation of complex? It is very difficult to examine to examine swap Rate cross currency Interest as well as other interest rate derivatives; how can organization into activities of fiduciary nature regulate accounting for fair value measurement instrument?>>>>more

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