engleski

The Analysis of the Appliance of Fair Value Concept in Croatian Companies from Real Sector

The fair value concept, as a concept of subsequent measurement of assets and liabilities, is introduced by International Financial Reporting Standards (IFRSs) and is also implemented in Croatian Financial Reporting Standards (CFRSs). According to IFRSs and CFRSs, the following categories of assets and liabilities must be subsequently measured at fair value: (a) financial assets at fair value through profit and loss ; (b) financial assets at fair value through other comprehensive income ; (c) biological assets and agricultural products at the point of harvest and (d) financial liabilities at fair value through profit and loss. The categories of assets that can be subsequently measured at fair value are: (a) properties, plants and equipment ; (b) intangibles ; (c) mineral resources ; (d) investment in properties and (e) investment in subsidiaries, associates and joint ventures. In this paper, the research regarding the appliance of fair value concept is conducted in Croatian companies from real sector in 2016. Results of the research indicate to what extend Croatian companies from real sector are using the fair value concept as a concept of subsequent measurement of assets and liabilities.

Fair Value, Subsequent Measurement, Market Prices, Real Sector, IFRS, CFRS

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