FINANCIAL INSTRUMENTS’ MEASUREMENT IN ROMANIA: FROM CHALLENGE TO LESSON LEARNING
Keywords:Financial instruments’ measurement, accounting professionals, fair value, financial crisis, transformation
AbstractThe objective of the paper is to provide an analysis on Romanian valuers’ perceptions of fair value determination and to show whether there exist a direct connection between the dimension of the developed activity and the valuers’ level of professional training. The developed analysis uses information being obtained through implementing a questionnaire addressed to Romanian valuers. The questionnaire followed information regarding main aspects in valuers’ professional activity: their professional training, their professional activity in the field of accounting for financial instruments, fair value measurement and also on some fundamental aspects related to the recent financial crisis. Second part of the analysis being develop in this study was dedicated to documenting an association between valuers’ professional activity and their professional training. Results document the sustainability of the proposed regression model and documents that when considering the national market of valuation services in the field of financial instruments, there is a direct connection between the dimension of the developed activity and the valuers’ level of professional training.
Accounting, Auditing, Taxation and Governance