Disc 4499

Fair Value Accounting Under IFRS

1. Use the Internet to research recent articles (within the last two years) on fair value measurement of assets for financial reporting.  

2. Evaluate the potential interaction of IFRS13 fair value measurement with other IFRS fair value measurement standards. 

3. Create an argument for the increased disclosure requirements under IFRS 13 as compared to other IFRS standards addressing fair value measurement. Provide support for your argument.

4. Compare and contrast the differences between asset impairment under U.S. GAAP and IFRS.  What are the financial statement implications of these differences?