Accounting – fair value. | Accounting homework help

Hi,

 

I need a mudel answer for exame 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.

 

Thank u 

                                                                            The Custom Essays