The author’s view on the definition of the category “valuation” in accounting and reporting

Abstract

Valuation is certainly the main content of modern accounting and reporting. At the same time, there is still no definition of this category in accounting standards. At the same time, various definitions of valuation are given in the scientific and educational literature. These definitions were critically analyzed by us in the previous article. In this article, we present our own view on the definition of the category “valuation” in accounting and reporting. During the research, such methods as analysis and synthesis, logical approach, systematic approach, comparison, grouping method, analogy method were used. As a result of the research, this paper presents a new view on the category of “valuation” in accounting and reporting, which meets the requirements of modern times. In addition, proposals are also made for amending accounting regulations. The results obtained in this article will be useful to a wide range of readers interested in various problems of Russian and foreign accounting and reporting, including the valuation of accounting objects and reporting elements. In addition, the results reflected in this paper can be used in the educational process of higher educational institutions and in the practical work of accounting departments. In addition, the results of our study can be used in the development and improvement of relevant domestic and foreign regulatory documents on accounting and reporting.