Value Analysis Is ______

question 69

Multiple Choice

Value analysis is ______.

• A)used to improve,at a minimum cost,the functionality of a product without affecting its existing functions and standards
• B)used to completely analyze and improve the value of all of the components used to develop a product from its design to its final delivery
• C)used to design a product with a view to meet the requirements for a new market
• D)used to analyze the process by which market requirements may be satisfied

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Definitions:

AASB 3

An accounting standard detailing the requirements for the accounting of business combinations.

IFRS 3

Business Combinations, an International Financial Reporting Standard that outlines the accounting and reporting requirements for mergers and acquisitions.

Goodwill

The intangible asset that arises when a company acquires another business for more than the fair value of its separable net assets.

Fair Value

The expected selling price for an asset or the amount needed to cover a liability, facilitated through a systematic deal between market participants on the specific date of measurement.