ACCOUNTING OF THE FINANCIAL INSTRUMENTS: ONE OF THE MOST CONTROVERSIAL FIELDS IN THE FINANCIAL REPORTING
ACCOUNTING OF THE FINANCIAL INSTRUMENTS: ONE OF THE MOST CONTROVERSIAL FIELDS IN THE FINANCIAL REPORTING

Summary/Abstract: Issues concerning the identification of the most appropriate accounting manner of assets and liabilities in the balance, including the appearance of changes resulted from the achieved assessments, have represented the main concern in the financial reporting area since the development of oriented financial statements towards balance and profit and loss account. Although over the time have been considered a series of bases for the achievement of assessment required financial reporting, we can say the approach based on historical costs represented the dominant paradigm in a significant period and for numerous accounting references.

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