This MFRS applies when another MFRS requires or permits fai
This MFRS applies when another MFRS requires or permits fair value… This MFRS applies when another MFRS requires or permits fair value measurements or disclosures about fair value measurements (and measurements, such as fair value less costs to sell, based on fair value or disclosures about those measurements), except as specified in paragraphs 6 and 7.The fair value measurements framework described in this MFRS applies to both initial and subsequent measurement if fair value is required or permitted by other MFRSs.(MFRS 13: Fair Value Measurement, Paragraph 5 & 8)REQUIRED:Based on the Standard mentioned above, describe the Fair Value Measurements in an essay for ONE ASSET from the following list:Industry AssetPlantation/FarmingRose bushesGuidelines on writing the essay:a. Your content must have:i. An introduction[5 Marks]ii. Main body[20 Marks]iii. Conclusion.[5 Marks]b. You are to discuss the following questions in the MAIN BODY including providing your OWN EXAMPLE for one asset from the listed sector:i. Who are the market participants for those assets?ii. Which valuation techniques were most appropriate for those assets? Why?iii. Which levels of the input to valuation techniques do you think, were most likely to be utilized for measuring those assets’ fair value? Provide proof to this argument by attaching resources that were used as references. Accounting Business Financial Accounting ACCOUNTING PAF3103
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