Use of reasonable value in Vietnamese accounting - Some inadequacies need to be added and completed

Abstract

    Reasonable value is a new term in accounting. A reasonable value is a value that is determined in accordance with themarket price that may be obtained when selling an asset or assigning a liability at the time of valuation. The basis of accounting atreasonable value derives directly from the need to use explicit information to get the high credibility of the users and from the limitationsof previous pricing methods. In the world, reasonable value began to become an assessing basis in accounting since the late 1990sbecause of its remarkable advantages and was specified in the content of several international accounting standards. Over the time, theconcept as well as the measurement The reasonable value set out in the international accounting standards have been more and morecomplete, specific, clearer, and more suitable with the complicated development of the world economy. In Vietnam, reasonable value hasbeen mentioned in accounting for more than 10 years and has gradually become more popular and updated. However, regulations onusing reasonable value still remain fragmented, lack systematicity and have many shortcomings that need to be supplemented andcompleted to meet the need for expliciting the accounting information and ensure that the Vietnamese accounting system is in harmonywith normal practice and international accounting standards in the integration process.