IMPLEMENTATION OF THE FAIR VALUE CONCEPT IN ACCOUNTING PRACTICES OF SMALL BUSINESS
The article represents the implementation problems of the fair value concept in accounting practices of small business. The paper illustrates the contradiction between the need of small economic subjects to get the objective accounting and analytical information and the complexity of the implementation of accounting innovations. The author clarifies the factors that complicate the use of the fair value measurement of small enterprises, and suggests some measures to overcome these difficulties. Special attention is paid to the methodical and practical recommendations on the use of the fair value concept and its elements in a simplified accounting activity of small economic entities.
Keywords: concept of fair value, accounting in small enterprises.
Svetlana V. Andreeva, Candidate of Economics, Associate Professor. - Samara State University of Economics.