UDC 37
DOI: 10.36871/ek.up.p.r.2025.02.05.016
Authors
Alla A. Kochetkova,
Ramzan Kh. Makhaev,
Deni M. Islamov,
Grozny State Petroleum Technical University named
after Academician M. D. Millionshchikov
Abstract
When each company is faced with investment issues, it must reasonably analyze and verify the reliability of relevant accounting information, and fair value can additionally guarantee the reliability of the information. Thus, from this point of view, we can say that fair value is an important part of business operations. By using fair value, businesses can effectively use internal financial information, contribute to the smooth operation of the financial reporting department, and perform the department’s duties more effectively. However, there are still many problems with the application of fair value in the current financial management process, and the relevant departments need to further strengthen their research in order to fully exploit the role of fair value.
Keywords
fair value, financial accounting, reliable information
