• Discuss the recognition criteria of assets prescribed by the AASB Conceptual Framework. Discuss the measurement and recognition requirements of provisions and contingent liabilities using AASB 13 "Fair Value Measurement". Assess the consistencies between AASB 13 and the AASB Framework for the recognition of assets
• Review the most recent financial statements of a listed Australian firm provided by your instructor. Provide critical discussions about the measurement and recognition of assets disclosure provided by the company in compliance AASB 13 "Fair Value Measurement". You are required to analyse if the information provided by the company complies with the requirements of AAS 13.