Fair Value and Its Significance in Performance

Economic entities have a very important role in our daily life and for this reason performing companies are a key element for the development of a nation. Thus, many economists consider economic entities as an engine – in determining economic, social and political progress. In the context of the current economic and financial crisis it is highly important to know the factors generating success and how it can be measured. Changes in economic and social environment, technology improvement, need for relevant, reliable, timely and effective information in decision making in order to achieve performance goals have led us to think about performance measurement as a consequence of fair assessment.