The article researches the problems of application in accounting of one of the most controversial types of evaluation - fair value. The author analyzes the objects and situations the fair value use in the Russian and international accounting. Based on the conducted researches, the article makes an assumption on extension of the scope of application of this type of evaluation and seeks the appropriate changes in domestic and international accounting standards. The author critically examines the international standards regulation in terms of definitions and methods of calculation of fair value. Based on the conducted analysis, the article identifies the problematic issues in this area, and provides recommendations for their solution in order to form a reliable fair value, both in international and Russian accounting.
Keywords: fair value, Russian Accounting Standards, International Financial Reporting Standards
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