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Briefly describe the meaning of the fair value accounting

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Question - There are at least 60 Australian Accounting Standards. Go to the AASB Website and choose one. (hint: go to 'Quick links' and select 'table of standards' )one of the recent accounting standards is the standard on fair value measurement. Briefly describe the meaning of the Fair Value accounting. What is the purpose of this standard?

Reference no: EM132609774

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