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ACCT6007 Financial Accounting Theory And Practice For Fair Value  

Pages : 8 | Type : Essay

Answer: Introduction: For above the last two decades, the fair value accounting concept is followed. The idea behind it is measuring assets and liabilities at their existing values. This has been a significant deviation from the fact that the books of accounts need to be valued at historical cost and not at their existing values. However, this concept leads to a debate, as certain factors need to be taken into consideration for undertaking in...

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userWritten By : Whitney Parry     postPosted On : Dec 18, 2019     downloadDownload : 0
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ACCT6007 Financial Accounting Theory And Practice For Financial Crisis  

Pages : 8 | Type : Essay

Answer: Answer to question 1:  Fair value accounting makes the use of present market values as the basis for identifying certain assets and liabilities. Fair value represents the estimated price based on which the assets are sold or the liabilities are settled in a transaction to the third party under the present market conditions (Livne & Markarian, 2018).  The latest financial crisis has shifted its focus on the fair value acc...

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userWritten By : Peck Keller     postPosted On : Dec 19, 2019     downloadDownload : 0

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ACCT6007 Financial Accounting Theory And Practice 6  

Pages : 6 | Type : Essay

Answer: Introduction With the economic condition and complex business condition, fair value accounting has been gaining momentum throughout the time. It helps accountants to record the assets and liabilities in the books of account of company. This report reveals the pros and cons of the fair value accounting and how it could be used by company to strengthen its reporting frameworks (Choudhary, et al. 2017). Explain and explore Pros and Cons...

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userWritten By : Mark     postPosted On : Feb 11, 2020     downloadDownload : 0
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ACCT6007-Pros And Cons Of Fair Value  

Pages : 8 | Type : Essay

Answer: Introduction: The theories of fair value accounting (FVA) have been followed in financial accounting for a long time, which mandates above the past two decades. The concept of "FVA" helps in measuring assets and liabilities with respect to their current worth. This has been a noteworthy modification of the reason that the books of accounts requires to be evaluated at actual price and not at their current worth. Moreover, these ideas l...

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userWritten By : Mark     postPosted On : Feb 27, 2020     downloadDownload : 0
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ACCT6007-Artificial Intelligence And Blockchain Used In Accounting  

Pages : 7 | Type : Essay

Answer: Introduction  In the current era, the technology advancement is increasing due to which the many industries and professionals are affected. The major changes in technology are creating an impact on accounting and the ways the accountant performs their jobs. The aim of the paper is to critically analyse the threat or an opportunity for the accounting profession due to the change in technology. The major technologies that are discu...

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userWritten By : Mark     postPosted On : Feb 27, 2020     downloadDownload : 0
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ACCT6007-Artificial Intelligence In Accounting  

Pages : 8 | Type : Essay

Answers: Artificial intelligence is the science that aims to create intelligent machines and intelligent computer programs. Artificial intelligence studies the problem that world presents to intelligence without studying people. AI is not about pretending the human intelligence (Nilsson, 2014). Crucially, a blockchain is defined as distributed database of public ledger of all the transactions or digital situations, which is shared among variou...

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userWritten By : Mark     postPosted On : Feb 27, 2020     downloadDownload : 1
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ACCT6007-Discussion On Fair Value Accounting  

Pages : 6 | Type : Essay

Answer: In the given assignment, the fair value accounting has been discussed extensively, the pros and cons of the same has been discussed with relevant literature on the same and the three tier process mentioned in the statement “the estimation follows a three-tier process, with a strict preference for market-based measures” has also been analysed. Fair valuation is one of the integral parts of financial reporting and hence the q...

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userWritten By : Ivan Blank     postPosted On : Mar 04, 2020     downloadDownload : 0
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ACCT6007 Financial Accounting Theory And Practices For Historical Data  

Pages : 8 | Type : Essay

Answer: Introduction Artificial intelligence has been applied for streamline data in order to analyze historical data and make prediction relating to future decision (Woodside, Augustine & Giberson, 2017). The technology has provided support in accounting fraud prediction model in order to determine the probability of material misstatement so that audit quality can be improved. Present report provide discussion relating to the artificial ...

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userWritten By : Mark     postPosted On : Jun 29, 2020     downloadDownload : 0

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