Fair value accounting means accounting for the particular “fair value” of an asset or liability based on the current market price tag, or for equivalent assets and debts, or based with another objectively looked at “fair” value. Fair value accounting has been a part of Normally Accepted Accounting Principles (GAAP) in the united states since the first 1990s, and is regarded as the particular “gold standard” in some circles.
Fair Value Accounting
