question archive There are at least 60 Australian Accounting Standards

There are at least 60 Australian Accounting Standards

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There are at least 60 Australian Accounting Standards. Go to the AASB Website at WWW.aasb.gov.au And choose one. (hint: go to 'Quick links' and select 'table of standards' )one of the recent accounting standards is the standard on fair value measurement. Briefly describe the meaning of the Fair Value accounting. What is the purpose of this standard?

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