PSAK 68: MEASUREMENT OF FAIR VALUE IFRS CONVERGENCE Fair Value Concept Sindi Maulidah Sultan Ageng Tirtayasa University , Serang , Indonesia Lisma Noviyani

Abstrak

Purpose - This study aims to find out about the concept of fair value in PSAK 68: IFRS Convergence Fair Value Measurement, P-ISSN as a substitute for book value. The convergence of the 2985-4873 application of new accounting standards is oriented towards Volume 03 No 01 2024 the International Financial Reporting Standard (IFRS) issued by the International Accounting Standard Boards (IASB). In this Page: new accounting standard, the concept of fair value is 41-51 emphasized more than the concept of book value. This is what makes the difference and triggers this convergence to change DOI: 10.61659/reaction.v3i1.179 the simpler book value model Design/methodology/approach - This study uses a descriptive Received qualitative method with a literature study approach on fair 20 April 2024 value measurement. Revised Finding - The result of this study is the concept of fair value (fair 15 May 2024 Accepted value) that is currently considered to have an advantage over 30 May 2024 book value is a concept that is widely applied all over the world, as well as with accounting in Indonesia should be ready to apply the concepts of reasonable value in its accounting standards Originality Keyword - IFRS, PSAK 68, Fair Value Paper Type – Research Paper Review of Accounting and Taxation (REACTION) is licensed under an Attribution-Share Alike 4.0 Internasional (CC BY-SA 4.0 Review of Accounting and Taxation 41