ACCA SBR INT Classroom - Syllabus C9. Fair Value Measurement 22 / 25
a) Discuss and apply the definitions of ‘fair value’ measurement and ‘active market’.
b) Discuss and apply the ‘fair value hierarchy’.
c) Discuss and apply the principles of highest and best use, most advantageous and principal market.
d) Explain the circumstances where an entity may use a valuation technique.