adopts a business fair value” measurement approach as opposed to the traditional “cost-based

IND AS 103 is associated to the measurement of many other standards like Ind AS 37, 39, 19 individually so, the understanding and applicability in India will require lots of deliberation which need to be weighed in view of facts and circumstances.It adopts a business fair value” measurement approach as opposed to the traditional “cost-based” approach.The concept of fair value is debatable and its implementation will question the financial statements results.

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