Discuss the role of FVA in promoting relevance and reliability in accounting measurements and using a...

90.2K

Verified Solution

Question

Accounting

Discuss the role of FVA in promoting relevance and reliabilityin accounting measurements and using a case from a local contextdepict whether FVA is accepted and widely used in the Pacific.

Answer & Explanation Solved by verified expert
3.6 Ratings (634 Votes)
FVA is fair value accounting which suggest that assets and liabilities of any company should carefully considered and report in the companys financial book of statement at market condition Under fair value    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students