Fair value

| May 26, 2015

I need a model answer for exam paper, the Q is about fair value. i need the answer to be as following. please contain all the point in the answer.

1- First Paragraph

– Define fair value measurement ( there is a new defintion IFRS 13)

– importance of fair value

2 –  Secound paragraph

– advantages and disadvantages

For example: Transparency & reflect market condition

3- Third paragraph

-explain the characteristics of financial crisis while you explain Fair value and the effect of fair value in financial crisis.

For example: Liquidity of the market & market volatility

4- Fourth paragraph
– explain the three levels of fair value measurement and give examples.

Note: please see the attached files i upload some could be helpfull for the answer.

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Journal Entry: Lease
Financial accounting

Category: Accounting

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