THE ROLE OF FAIR VALUE STANDARDS IN MAKING DECISIONS ON PURCHASING AND SELLING ASSETS IN THE KINGDOM OF BAHRAIN

This paper aims at knowing the theoretical philosophy related to fair value. It also deals with the accusations made against this principle especially during the financial crisis. This research drafted and tested the relevant hypothesis in order to know the extent to which extent the decision- makers realize the concept of fair value as well as its influence on decisions on sales and purchases. The study concluded that the concept of fair value has a profound effect on these decisions; the researcher recommended the continuity in dealing in such standard? together with improving the disclosure process by issuing binding legal codes.