Fair value measurement issues for accounting objects

Abstract

The article raises questions of the materiality of information asymmetry in decisionmaking,
reveals its connection with the assessment of fair value. The authors consider the definition of fair
value and reveal the concepts of a main and efficient market, as well as the allocation of units of accounting
to group and individual assets. The sequence of procedures for determining fair value is disclosed, methods
for determining fair value and their scope are revealed. The paper focuses on the impact of fair value
measurement on the formation of financial statements. The authors note the possibility of introducing IFRS
13 “Fair Value Measurement” in Kazakhstan to improve the quality of information provided to users of
financial statements, which contains useful information and allows them to more clearly understand the
presented indicators.