Students need to identify one current issue or challenge on the topic Fair Value Accounting (FVA)- The IASB and the FASB have both substantially extended the application of fair value measurement in accounting. In your research evaluate how useful is FVA in the Pacific Island context.

You are required to do the following;

1. Identify one current issue or challenge in this area
2. Summarize relevant literature on this issue.
3. Formulate a research question which can be investigated in your Pacific country, applying a theory covered in the course or from relevant accounting literature.
4. Collect and analyze data using one or more research methods.
5. Formulate key conclusions.

INSTRUCTIONS AND GUIDELINES FOR AF301 GROUP ASSIGNMTENT \begin{tabular}{|l|l|} \hline PeerrefereedJournalArticles & Youcanperformanon-linesearchusingProQuest,GoogleScholaroranothersearchengineaccessiblethroughtheUSPLibrarywebsite.ConsulttheUSPStudentLearningServices(SLS)ifyouneedassistancewithusingonlinesearchengines.However,theywillnotfindthearticlesforyou. \\ \hline Word Limit & 4,000toS,000words.Disclosethewordcountinyourfinalsubmission.Ifyourassignmentexceedsthewordlimit,checkthatallyourcontentisrelevant,avoidrepetitionofthesameideasandparaphraselengthyquotes.Usein-textcitations. \\ \hline Style Guide & Useafontsizeof12orlargerandlinespacingof1.5.Fully-justifytextandincludepagenumbers.Youmayusetables,sub-headings,coloursetc.butnotbulletpoints. \\ \hline AssessmentPolicy & Yourprojectgradewillbebasedontheattachedmarkingrubric.RefertoSection14.4intheCourseOutlineandtheUSPHandbookandCalendar,payingcloseattentiontotheregulationsonplagiarism. \\ \hline FollowtheAPAreferencingsystem.ConsultSLSifyouneedassistancewiththis.Youmayonlyusethreedirectquotationsinyouressay. \\ \hline \end{tabular}