AFE Exam Dumps : Accredited Financial Examiner

A change in _______ or its application is appropriate if the change results in a measurement that is equally or more representative of fair value in the circumstances.

An entity’s practices concerning loss settlement, such as a practice of vigorously defending suits or of quickly settling suits, can have a significant effect on an entity’s loss experience.

What is made on an instrument-by-instrument basis, generally when an instrument is initially recognized in the financial statements?