There are at least 50 Australian Accounting Standards. Go to the AASB website at www.aasb.gov.au and choose
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There are at least 50 Australian Accounting Standards. Go to the AASB website at www.aasb.gov.au and choose one. One of the recent accounting standards is the standard on fair value measurement. Briefly describe the meaning of ‘fair value’ accounting. What is the purpose of this standard?
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a fair value accounting is defined as valuing an asset company or derivative ...View the full answer
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