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Fair value accounting- define it
Fair value accounting is known to be a financial reporting approach and this is called “mark-to-market” accounting practice. It is a concept that can be explored under generally accepted accounting principles (GAAP). Most of the companies presently make use of fair value accounting as this enable to measure and also report any value of specific assets and liabilities depending on actual and estimated fair market price. The fair value accounting homework help will speak about the changes that happen in asset or liability inside any business over time. This finally enables to obtain profit or loss for any assets and liabilities outstanding, equity in balance sheet and increase or decrease in net income.
Benefits of fair value accounting
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