Effects of the Option "Fair Value" on the Entity's Financial Position and Assets

The purpose of this article is to present issues of assessment and reassessment of tangible assets due to fair value in the context of harmonization of national accounting regulations with International Financial Reporting Standards. The main objectives considered when drafting the article are to identify both tangible Romanian accounting standards and according to the international presentation on the effects of fair value and their subsequent assessment of the entity's financial position and assets. The scientific approach is based on information from national and international literature and practice of documenting the company achieved at F.D.E.E. Electrica Transilvania Sud Distribution S.A. In preparing the paper, we chose the combination of quantitative research with qualitative research in order to achieve expected results from research undertaken research tools in the two categories of methods: literature review, the study acts, comparison, descriptive analysis, case study, data interpretation method.