Question
Topic of essay: During the Global Financial Crisis of 2008/9, it was claimed that IFRS fair value accounting techniques used in corporate reports had distorted
Topic of essay: During the Global Financial Crisis of 2008/9, it was claimed that IFRS fair value accounting techniques used in corporate reports had distorted financial reality and caused the crisis.
(a) Describe those alleged problematic fair value accounting techniques and standards, and state if you agree with the criticisms and why (10 marks).
(b) In the period 2009-2020, do you think IFRS fair value standards have improved? State your reasons and evidence (10 marks).
No more than 800words excluding reference list. Needs also proper reference list
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
