Exam 4: Fair Value Measurement

Which of the following documents issued alongside AASB 13 do not form an integral part of the standard? I Basis for Conclusions II Illustrative Examples III Appendix A: Defined terms IV Appendix B: Application guidance

(Multiple Choice)

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Question 21

Which of the following is not an example of a level 2 input?

(Multiple Choice)

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Question 22

Where a liability is held as a corresponding asset by another entity the fair value of the liability is determined by:

(Multiple Choice)

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Question 23

Which of the following is not a characteristic of a market participant under AASB 13?

(Multiple Choice)

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Question 24

When measuring the fair value of a liability, which of the following is assumed?

(Multiple Choice)

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Question 25

Which of the following steps in not relevant when valuing liabilities?

(Multiple Choice)

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Question 26

Which of the following is not a valuation technique prescribed by AASB 13?

(Multiple Choice)

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Question 27

Unobservable inputs for the asset or liability are an example of:

(Multiple Choice)

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Question 28

When determining the fair value of an asset its fair value is based on its:

(Multiple Choice)

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Question 29

Showing 21 - 29 of 29

Which of the following documents issued alongside AASB 13 do not form an integral part of the standard? I Basis for Conclusions II Illustrative Examples III Appendix A: Defined terms IV Appendix B: Application guidance

Which of the following is not an example of a level 2 input?

Where a liability is held as a corresponding asset by another entity the fair value of the liability is determined by:

Which of the following is not a characteristic of a market participant under AASB 13?

When measuring the fair value of a liability, which of the following is assumed?

Which of the following steps in not relevant when valuing liabilities?

Which of the following is not a valuation technique prescribed by AASB 13?

Unobservable inputs for the asset or liability are an example of:

When determining the fair value of an asset its fair value is based on its:

Accounting Regulation and the Conceptual Framework

Application of Accounting Theory

Shareholders Equity: Share Capital and Reserves

Revenue

Provisions, Contingent Liabilities and Contingent Assets

Income Taxes

Financial Instruments

Share-Based Payments

Translation of the Financial Statements of Foreign Entities

Employee Benefits

Inventories

Property, Plant and Equipment

Leases

Understanding Australian Accounting Standards

Impairment of Assets

Accounting for Mineral Resources

Agriculture

Financial Statement Presentation

Statement of Cash Flows

Earnings Per Share

Operating Segments

Operating Segments

Business Combinations

Consolidation: Principles and Accounting Requirements

Consolidation: Intragroup Transactions

Consolidation: Non Controlling Interest

Joint Arrangements

Associates and Joint Ventures

Filters