Global Advanced Research Journal of Management and Business Studies (ISSN: 2315-5086) January 2016 Vol. 5(1), pp 011-017

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Original Research Articles

The Quality of Fair Value Measurements for Non-Financial Assets

Laith A. Aryan

Ajloun National University, Accounting Department


Accepted 04 August 2015


IAS 16 Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment, which is initially measured at its cost, subsequently measured either using a cost or revaluation model. There is a big disagreement on the quality of fair value measurements for non-financial assets, especially, level three of valuation.  This study aimed to test the Jordanian auditors’ perception on the quality of fair value to measure Property, Plant and Equipment. In doing so, 265 Questionnaires were sent to Jordanian external auditors, only 163 questionnaires are returned yielded 61.5% responses rate. Results show that Jordanian auditors prefer fair value accounting for Property, Plant and Equipment to historical cost in providing useful information.

Keywords: Fair Value Measurement, Non-Financial Assets, Jordan


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