As part of the revaluation initiative, the FASB and IFRS are examining the measurement bases used in

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As part of the revaluation initiative, the FASB and IFRS are examining the measurement bases used in accounting. At this point, there may or may not be a convergence toward fair value measurement of property, plant, and equipment. As a professional, what do you see as some of the benefits, and challenges, in implementing this measure in place of cost?
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International Accounting

ISBN: 978-0078110955

3rd Edition

Authors: Timothy Doupnik, Hector Perera

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