Question: Question 1 What is fair value under AASB13 and why is it relevant to consolidation accounting? Question 2 Compare and contrast between control and significant

Question 1

What is ‘fair value’ under AASB13 and why is it relevant to consolidation accounting?


Question 2

Compare and contrast between ‘control’ and ‘significant influence’ and the implications of establishing either.


Question 3

What are the main characteristics of a joint arrangement? Compare and contrast between a joint venture and a joint operation.


Question 4

Enumerate the ‘exceptions’ to the guidelines to determine that an operating segment is a reportable in accordance with AASB8.

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