The Fair Value – between Theoretical Predictability and Practical Modeling within the Romanian Accounting Area. Case Study for the Societies within the Transportation Field in Romania

The paper sets out to explore the approach of the fair value within the set of financial situations published annually by entities from the point of view of the external analyst, who is interested rather in the practical modeling of this aggregate than in the theoretical process of measuring. After going through the existing specialized literature we tested the way of measuring the fair value by the Romanian groups of societies within the transportation field. We focused our action on modeling at the entity level the net fair value, exponent of the recoverable value of the held fixed assets. We took this course of action because all entities measure, at the end of the report period, the inventory value–standard for the recoverable value within the Romanian accounting practice.