Which of the Following Disclosure Are Required Under AASB 13

question 5

Multiple Choice

Which of the following disclosure are required under AASB 13?

• A) the valuation techniques used to measure fair value
• B) the level of the fair value hierarchy within which the fair value measurements are categorised
• C) quantitative information about the significant unobservable inputs used in the fair value measurement
• D) all of the options are correct.

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Definitions:

Observer Effect

The observer effect refers to changes that the act of observation can make on a phenomenon being observed.

Representative Sample

A subset of a population that accurately reflects the members of the entire population.

Volunteer Bias

The distortion of research results due to differences between those who choose to participate in studies and those who do not.

Representative Sample

A portion of the population that correctly mirrors the characteristics of the whole population.