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Topic - Accounting Theory and Governance

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Topic - Accounting Theory and Governance

Question 1 - How are the Assets and Liabilities measured under IAS 39?

Question 2 - What impact according to author, will fair value accounting have on the Balance Sheet and Income Statement?

Question 3 - What measurement requirement of historical cost accounting is violated?

Question 4 - Is a change in Asset Value an increase in Wealth or Income? Are they the same?

Question 5 - What do you think fundamental value in accounting should be? Refer to the debate regarding value in use and value in exchange outlined in this chapter when answering the question.

Reference no: EM132463743

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