ACCOUNTING HARMONIZATION AND HISTORICAL COST ACCOUNTING

Abstract

There is a huge interest in accounting harmonization and historical costs accounting, in what they offer us. In this article, different valuation models are discussed. Although one notices the movement from historical cost accounting to fair value accounting, each one has its advantages.

Keywords

• Accounting harmonization
• accounting regulation
• historical cost accounting
• revaluation model
• IFRS
• fair value accounting