Financial Accounting Standards Board

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January 1, 1 7 min read Definitions

Fair Value Financial Accounting Standards Board FASB Market Value Fair Market Value Asset Valuation Liability Valuation Real Estate Valuation

Fair value is a measure used for the estimation of the market value of assets and liabilities based on orderly transactions between market participants. This valuation concept is essential in accounting to maintain proper financial statements and balance sheets according to standard principles.