shows that market value was the dominant approach to balance sheet valuation in the nineteenth century, and analyses the … that IFRS, based on a mixture of fair value and value in use, assumes a valuation of companies based on their future …

Valuation of assets and liabilities involves significant judgements and estimates, especially when fair value … financial assets or liabilities, different valuation techniques may be used: the market approach, the cost approach and the … income approach. This article reviews these techniques and points out that different valuation practices may provide …