Fair value concept in financial reporting
Fair value concept in financial reporting
The article on ‘Fair Value’ Concept in Financial Reporting" written by Roger Loh Kit Seng, FA Associate Director, was featured in TheSun Daily.
In this article, the fair value concept - one of the fundamental accounting concept, will be explained in the simplest form possible. Read on to find out the difference between fair value & fair market value.
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Credits: TheSun Daily, 26th July 2021 - MICPA The Accountant's Perspective column
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