Continuous observation and modelling interval risk management as part of the improvements of the company

Abstract

Evaluation of the company is necessary to perform in accordance with applicable international accounting standards and financial reporting standards with the aim of improving actual management and valid decision-making management. Possible deviations from the present value of asset carried amounts in the books of the company should be corrected as soon as possible, in order to achieve a real and realistic „fair value” of real estate or other equipment used by the company in its operations. The significance of this work lies in the fact that it draws attention to the professional public on the application of fair expression of the value of assets. In addition, the authors in this paper point to the importance of finding a management that ensures the elimination of potential risks in everyday business management. Keywords: fair value, management, model, IFRS