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Examine the requirements for measuring assets at fair value

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Reference no: EM13490234

Examine the requirements for measuring assets at fair value in the following accounting standards:

IAS3/AASB 3 Business Combinations

IAS116/AASB116 Property, plant and equipment

IAS138/AASB138 Intangible assets

a. How can fair value be determined in each of the standards?

b. What impact would the differences in the methods allowed to determine fair value have on the financial reports?

c. Do you think the requirements for an active market in relation to intangibles assets is justified? What problems could occur if the active market requirement was not included for intangible assets?

 

Assessment criteria 1500 words max.

 

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4. Examples (10)

 

 

 

 

 

6. Referencing, citations (5)

 

 

 

 

 

7. Evidence of reading, quality and quantity (10)

 

 

 

 

 

8. English expression, coherence, grammar and spelling. Logical flow of ideas (10)

 

 

 

 

 

 

Reference no: EM13490234

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