The article discusses the concept of fair value in accounting, which aims to have all financial assets and liabilities reported at their current market value. This value is determined based on the assumption of a transaction between willing buyers and sellers under current market conditions. The International Financial Reporting Standards provide guidelines for disclosing information on how fair values are measured, especially for assets and liabilities that are not regularly traded. The educational material also offers guidance on how to determine the fair value of unquoted equity instruments even with limited financial information available.