I need essay 1500 words and case study 500 words total 2000 words

ACC202 CORPORATE ACCOUNTING
Table of Contents
Part A: Essay on Fair Value Accounting    3
Introduction    3
Fair Value Accounting    3
The Benefits of Fair Value Accounting    4
Disadvantage of Fair Value Accounting    4
Justification and Significance of using Fair Value Accounting    5
Current Relevance of Fair Value Accounting    5
Conclusion    6
Part B: Case Study of Ramsay Health Care Fair Value & Amcor Limited fair value    7
References    9
Part A: Essay on Fair Value Accounting
Introduction
Fair value accounting is used for a financial reporting approach. It is also known as “valuation practice of every market” based on accepted accounting principles. Companies use fair value accounting to measure and report on the value of certain liabilities and assets based on their actual fair market values. This helps change asset values ​​over time, resulting in unrealised gains or losses for assets and liabilities earned.
Fair Value Accounting
It ought to be noted that historical accounting is not like fair value accounting. However, it may be seen additionally and accurately, as its organic process antecedent. When analysing problems associated with historical cost versus truthful worth in monetary instruments accounting, then the range of financial instruments had hyperbolic considerably over the years and with development came valuation problems. Two elementary issues are common to several of divergent money instrument transactions.
First, whether the dealings ought to be carried out with sales accounting techniques or a loaning treatment is additionally applicable, once changing business asset into money, and second, whether certain financial liabilities ought to be considered settled or destroyed under certain circumstances. Once operating with money assets, the present model provided a chance for corporations to structure and interacts, in such the way that earnings can be managed and still adjusts to the assemblage (McDonough, Panaretou & Shakespeare, 2019). As an example, similar dealing is also reportable as borrowing if sales accounting would show a loss. However, a sale is reportable as to whether this will result or if the excess is already on the record. Accurate worth accounting could eliminate a number of the motivations of managers who could profit from those discrepancies. Many problems, together with recognition, relevance, and measure, are directly associated with fair worth reportage.
Regarding recognition, developments within the capital market build its potential for corporations to spot and record economic events, namely, truthful values related to money instruments in money statements. The problem of relevancy ought to be thought of in terms of social control intent (Amel-Zadeh, Barth & Landsman, 2017). As an example, amortisation prices are most applicable if management holds money instruments for their yield. However, if the administration intends to stay money instruments for potential value will increase, and then the fair worth would be most applicable. Quanta friability becomes a crucial issue, chiefly once not actively listed or quoted on any exchange. Such valuations will cause difficulties with stability across entirely different categories of assets.
The Benefits of Fair Value Accounting
This results in accurate liability assessment and asset delivery to the users of the company on an ongoing basis. This allows the company to know the rising prices of an asset or liability. In addition, it shows the value of the asset or obligation to the company at its current market value to see what asset is sold to get the right price. With the help of the company market value given by it, any company can mark the cost of an asset or liability to reflect any of its deficiencies (Bischof, Daske & Sextroh, 2016).
This makes it challenging to manipulate accounts, which benefits the company. By this, management can deliberately arrange for some asset sales. Fair value accounting is used by a company to increase or decrease net income to use the profit or loss from a sale. Fair value accounting to make any price changes for an asset can be published using the gain or loss in the period in which they occur.
Disadvantage of Fair Value Accounting
Financial information reported in fair value accounting can present a challenge...