Book value and Remeasurement: Difference between pages

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''Accounting.''
1. ''Financial reporting''.


The value as recorded in a company’s books, in other words its accounts including its published balance sheet.
A reassessment of the value of an asset or liability already recorded in an entity's financial records.




Historically, the book value of an asset was generally its original cost less any depreciation or other write-down in value.
2. ''Foreign currency accounting''.  


This was distinct from - and could be very different from - prevailing market value, the fair market price which an asset might be expected to raise if offered for sale.  (Or at which a liability might be settled.)
The retranslation of foreign currency denominated assets and liabilities to a reporting entitity's functional currency at a financial reporting period end date.
 
 
In order to address the problems arising from differences between book values and market values, accounting practice has moved substantially toward a system of book valuation which is aligned more closely with market values.




== See also ==
== See also ==
* [[Book entry]]
* [[Currency]]
* [[Equity]]
* [[Financial reporting]]
* [[Fair value]]
* [[Foreign exchange]]
* [[Market value]]
* [[Other comprehensive income]]
* [[Market value added]]
* [[Revaluation]]
* [[Net assets]]
* [[Net book value]]
* [[Return on capital employed]]
* [[Shareholders’ funds]]
* [[Write down]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 15:48, 22 October 2020

1. Financial reporting.

A reassessment of the value of an asset or liability already recorded in an entity's financial records.


2. Foreign currency accounting.

The retranslation of foreign currency denominated assets and liabilities to a reporting entitity's functional currency at a financial reporting period end date.


See also

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