The study looked at how companies in Bosnia and Herzegovina use fair value accounting. Most companies there don't really use fair value accounting, and those that do mainly do so because they have assets that require it. Financial and larger companies use fair value accounting more than non-financial and smaller companies. Companies mostly use fair value accounting for investment property, but not so much for intangible assets. Using fair value accounting can make financial statements more uncertain, and many companies don't provide enough information about how they came up with their fair value measurements.