Resumen de Valor razonable: situación del debate internacional

Jorge Herreros Escamilla, Isaac Jonás González

• The advance of the criteria of reasonable value in accounting literature and standards is one of the core topics of current debate on financial reporting. In recent years the debate has been marked by steps towards international convergence of accounting standards and, in recent times, by a succession of accounting scandals that have sown doubts as to the efficacy of current regulatory frameworks. Although it is new, this valuation method pre-dates these problems, and that may explain the questions as to whether it is part of the cause or part of the solution. Opinions are divided between those who support limiting its use and those who wish to see it extended in order to increase the transparency and relevance of the information in financial statements. Those accounting regulations which envisage the method currently do so as part of a mixed model where it coexists with the traditional criterion of historical cost. This article seeks to help explain why and reflect on the pros and cons of maintaining this situation and whether we should advance towards the use of reasonable value.