Fair value accounting boosts transparency and reflects true business performance.
The article explores how using fair value in financial accounting can make financial reports clearer and more reflective of a company's true financial situation. By analyzing the nature and characteristics of financial accounting, the researchers suggest that fair value is important for accurately representing a company's worth. They also discuss how fair value can help in making financial decisions and ensuring the reliability of financial information. The article provides suggestions for using fair value effectively in financial accounting.