Until now, two principles prevailed in accounting: measurement at historical cost and the prudence principle. As at this time, the measurement at fair value seems to gain importance. The discussion will gravitate around the following question “Will we go towards the fair value accounting in line with the international accounting framework and standards?” To answer this question, I have conducted an in-depth analysis of IFRS referring to the fair value as measurement base for assets. As a result of this study, it seems that the most of the assets need to be measured at fair value or they may be measured at fair value, if the entity chooses this accounting treatment. Fair value use for measurement of the majority of the entity’s assets is an evidence of the current IASB increasing interest in fair value accounting. As of this time, all entities that apply IFRS should prepare a comprehensive income statement for the presentation of their financial performance. This suggests a transition from historical cost accounting to fair value accounting. This change intends to reflect the needs of users to receive relevant information about the entity.