In the United States of America, a significant reduction happened in the market value of many securities during 1973 and 1974 and as a result, FASB addressed the issue in its agenda in order to provide the required guidelines. Finally, in 1975, it published the accounting standard No. 12 about the accounting of special trading securities. In this standard, the reliability of fair values for securities has been evaluated at a low level, and the evaluation of current and non-current securities would be equivalent to the minimum price or the market price if the decline in the market value was significant but non-temporary. But, with the development of the capital market, there was a situation in which the possibility to determine faire values for such securities had the sufficient reliability. In response to the changes emerged in this context, the Accounting Standards Board (ASB) issued the final standard statement No. 115 in May 1993 and consequently, the standard No. 12 was cancelled. But, in Iran, the accounting standard No. 15 with the title "Accounting for Investments" has been formulated based on the international accounting standard No. 25 with the same title in terms of the first set of accounting standards. While subsequently, the international accounting standard No. 25 has been abolished by the approval and enforce-ability of the international accounting standard No. 32 with the title "Financial Instruments: Presentation and Disclosure", and the international accounting standard No. 39 with the title "Financial Instruments: Recognition and Measurement".
کلید واژگان :Fair values, derivative instruments, financial instruments, non-temporary decline in the value, securities are held to maturity, securities available for sale and trading securities.
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