Fair value measurement is a complex and debated issue in public sector accounting. Often, this value has been determined in practice by the replacement-cost (RC) method, that is a measurement method not sufficiently investigated in recent times both in the private and public sector. The research aims to focus on the current application of fair value and, specifically, on the current adoption of the RC and the chance to find a more uniform technical definition of the RC, in the perspective that the IPSASB approach in relation to the RC appears sometimes contradictory.
The adoption of replacement cost in the international public sector accounting standards
Teresa Izzo
;Matteo Pozzoli
2021-01-01
Abstract
Fair value measurement is a complex and debated issue in public sector accounting. Often, this value has been determined in practice by the replacement-cost (RC) method, that is a measurement method not sufficiently investigated in recent times both in the private and public sector. The research aims to focus on the current application of fair value and, specifically, on the current adoption of the RC and the chance to find a more uniform technical definition of the RC, in the perspective that the IPSASB approach in relation to the RC appears sometimes contradictory.File in questo prodotto:
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