Fair value is a central concept in accounting and refers to the value attributed to an asset or liability on the balance sheet date. It corresponds to the price that could be realised on an active market. If no such market exists, the value must be determined using recognised estimation methods. This ensures that assets are always recognised in the balance sheet at their current, realistic value. The application of fair value is particularly relevant for financial instruments. Special valuation requirements can be met through add-ons such as the Versino Financial Suite that enable advanced financial analyses.
Two free webinars in July: Experience the Versino Financial Suite live
In 90-minute sessions, we'll show you practical ways to harmonise, streamline and automate your accounting in SAP Business One….
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