FAIR VALUE IN BANKING SECTORMirsada Hasanović, dipl. oec. |
Number 9 |
ABSTRACT
In modern accounting the term fair value, as one of the newer approaches of identification and measurement of assets and liabilities is becoming increasinglz popular. In this paper, we will become closer acquainted with the concept of fair value, IAS 39 and IAS 13 that banks use in the recognition and valuation of financial assets and liabilities. The emphasis of this paper is on the fair value of the banks with the use of data provided by banks in Bosnia and Herzegovina in their financial statements, then the fair value in the banks during the financial crisis.
Keywords: fair value, IAS 39, IAS 13, financial assets, valuation techniques.