Telaah terhadap Akuntansi Nilai Kini

Reliability and relevancy are two characteristics of financial statement which are usedto assess the company's value. The actual value of shareholder's equity is not fairlyreflected in the financial statements because differences often occur between historicalvalue and fair value. Fair value accounting is considered to be more relevant in reportingfinancial position and revenue. The use of fair value accounting requires shareholderto be more closely examine their equity hence increase the efficiency of managementfunction. Fair value accounting also supports full disclosure and makes financialstatements more transparent. This article explores the trend toward fair value accountingby studying literatures related to the development of fair value accounting. The resultof this study gives information to accounting profession and insight to the standardsetter body the benefit of application of fair value accounting in the future.Keywords: fair value, historical value, financial statemen