In an essay between 1000 and 1500 words (+/- 5%), students are to answer the following:

“If all financial statement preparers worldwide used fair value accounting as the only measurement method for financial disclosures then managers would have no incentive to manipulate accounting numbers or engage in earnings management.”

Discuss this comment and use at least one relevant accounting theory and provide examples to support your agreement or disagreement to this statement.”

In-text and end-text references are required. Students need to ensure they discuss the points they think are the most important to ensure that the word limit is adhered to.