{"id":828,"date":"2025-01-19T07:06:31","date_gmt":"2025-01-19T01:36:31","guid":{"rendered":"https:\/\/prathap.lk\/?post_type=portfolio&#038;p=828"},"modified":"2025-01-19T07:51:06","modified_gmt":"2025-01-19T02:21:06","slug":"professionals-perceived-opinion-on-the-impact-of-market-inputs-on-accuracy-of-fair-value-for-financial-reporting-purpose","status":"publish","type":"portfolio","link":"https:\/\/prathap.lk\/index.php\/portfolio-item\/professionals-perceived-opinion-on-the-impact-of-market-inputs-on-accuracy-of-fair-value-for-financial-reporting-purpose\/","title":{"rendered":"Professional\u2019s perceived opinion on the impact of market inputs on accuracy of fair value for financial reporting purpose"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"828\" class=\"elementor elementor-828\">\n\t\t\t\t<div class=\"elementor-element elementor-element-63ae728c e-flex e-con-boxed e-con e-parent\" data-id=\"63ae728c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1c1294ee e-con-full e-flex e-con e-child\" data-id=\"1c1294ee\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-898be5b elementor-widget elementor-widget-heading\" data-id=\"898be5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Authors:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43ed31d4 elementor-widget elementor-widget-author-box\" data-id=\"43ed31d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d2f4666 elementor-widget elementor-widget-author-box\" data-id=\"2d2f4666\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-157e3092 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"157e3092\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.researchgate.net\/profile\/Dharmasiri-Prathapasinghe\/publication\/386289984_Research_ThemeArea_Management_STUDY_ON_PROFEISONAL%27S_PERCEIVED_OPINION_ON_THE_IMPACT_OF_MARKET_INPUTS_ON_ACCURACY_OF_FAIR_VALUE_FOR_FINANCIAL_REPORTING_PURPOSE\/links\/674c2847876bd1777833903f\/Research-Theme-Area-Management-STUDY-ON-PROFEISONALS-PERCEIVED-OPINION-ON-THE-IMPACT-OF-MARKET-INPUTS-ON-ACCURACY-OF-FAIR-VALUE-FOR-FINANCIAL-REPORTING-PURPOSE?origin=publication_detail&#038;_tp=eyJjb250ZXh0Ijp7ImZpcnN0UGFnZSI6InB1YmxpY2F0aW9uIiwicGFnZSI6InB1YmxpY2F0aW9uRG93bmxvYWQiLCJwcmV2aW91c1BhZ2UiOiJwdWJsaWNhdGlvbiJ9fQ&#038;__cf_chl_tk=tV5MPF3e1pXL_1d.yXoF16RXcvzL3dkHZUe2lQNONfY-1737250693-1.0.1.1-mWZGfRxTiila70NoIyhGFA025L8mYbgrGh0jzKOWXoo\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-download\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M216 0h80c13.3 0 24 10.7 24 24v168h87.7c17.8 0 26.7 21.5 14.1 34.1L269.7 378.3c-7.5 7.5-19.8 7.5-27.3 0L90.1 226.1c-12.6-12.6-3.7-34.1 14.1-34.1H192V24c0-13.3 10.7-24 24-24zm296 376v112c0 13.3-10.7 24-24 24H24c-13.3 0-24-10.7-24-24V376c0-13.3 10.7-24 24-24h146.7l49 49c20.1 20.1 52.5 20.1 72.6 0l49-49H488c13.3 0 24 10.7 24 24zm-124 88c0-11-9-20-20-20s-20 9-20 20 9 20 20 20 20-9 20-20zm64 0c0-11-9-20-20-20s-20 9-20 20 9 20 20 20 20-9 20-20z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1843955c elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"1843955c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.researchgate.net\/publication\/386289984_Research_ThemeArea_Management_STUDY_ON_PROFEISONAL&#039;S_PERCEIVED_OPINION_ON_THE_IMPACT_OF_MARKET_INPUTS_ON_ACCURACY_OF_FAIR_VALUE_FOR_FINANCIAL_REPORTING_PURPOSE\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-bookmark\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M336 0H48C21.49 0 0 21.49 0 48v464l192-112 192 112V48c0-26.51-21.49-48-48-48zm0 428.43l-144-84-144 84V54a6 6 0 0 1 6-6h276c3.314 0 6 2.683 6 5.996V428.43z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">References <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4f4f8500 e-con-full e-flex e-con e-child\" data-id=\"4f4f8500\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f02cb56 elementor-widget elementor-widget-heading\" data-id=\"2f02cb56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Abstract<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-36d6f23e elementor-widget elementor-widget-text-editor\" data-id=\"36d6f23e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"nova-legacy-l-flex__item nova-legacy-l-flex__item--grow research-detail-middle-section__item\"><div class=\"nova-legacy-c-card nova-legacy-c-card--spacing-m nova-legacy-c-card--elevation-1-above\"><div class=\"nova-legacy-c-card__body nova-legacy-c-card__body--spacing-inherit\"><div class=\"nova-legacy-e-text nova-legacy-e-text--size-m nova-legacy-e-text--family-sans-serif nova-legacy-e-text--spacing-none nova-legacy-e-text--color-grey-800 research-detail-middle-section__abstract\">This research study aims to ascertain professional perceived opinion on the impacts of Market Inputs (MI) on the accuracy of Fair Value (FV) assessment of Property, Plant and Equipment (PPE) for financial reporting purpose in complying with International Financial Reporting Standards (IFRS) 13. The MI mean the information, data and evidence of comparable transactions used in FV assessment. The IFRS 13 identifies the MI in three ways i.e., level 1, 2 and 3. In light of the lack of previous studies on this topic in Sri Lanka, the objective of the study is to discover the relationship between MI and the accuracy of FV and its impacts on the accuracy of FV. This review is a combination of the approach, in which literature review and a pilot survey of 50 chartered valuers and chartered accountants are fused and SPSS is used for quantitative analysis, including Pearson correlation tests and Regression analysis. Most notably, the Pearson correlation reveals statistical Significance at :p-value of 0.0000 which is less than 0.01, by indicating that the correlation is statistically significant. This means that the observed correlation is unlikely to be due to random chance and suggests a robust relationship between the<\/div><\/div><\/div><\/div><div class=\"nova-legacy-l-flex__item nova-legacy-l-flex__item--grow research-detail-middle-section__item\">\u00a0<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-55a32926 e-flex e-con-boxed e-con e-parent\" data-id=\"55a32926\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-74e032f4 elementor-widget elementor-widget-heading\" data-id=\"74e032f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Other Publications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-147691f8 elementor-widget elementor-widget-mfn_portfolio\" data-id=\"147691f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mfn_portfolio.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"column_filters\"><div class=\"portfolio_wrapper isotope_wrapper \"><ul class=\"portfolio_group lm_wrapper isotope col-3 masonry-hover\"><li class=\"portfolio-item isotope-item category-case-studies  has-thumbnail\"><div class=\"masonry-hover-wrapper\"><div class=\"hover-desc bg-light\" style=\"\"><div class=\"desc-inner\"><h5 class=\"entry-title \" itemprop=\"headline\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/a-critical-analysis-of-land-tenure-and-property-value\/\">A critical analysis of land tenure and property value<\/a><\/h5><div class=\"desc-wrapper\">Authors: Download References Abstract This report refers to a valuation carried out in 2008 for a hotel located in the suburbs of Colombo intended for sale.<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/div><\/div><div class=\"links-wrapper clearfix\"><a class=\"zoom\" href=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14.jpg\" rel=\"prettyphoto\"><i class=\"icon-search\" aria-label=\"zoom image\"><\/i><\/a><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/a-critical-analysis-of-land-tenure-and-property-value\/\"><i class=\"icon-link\" aria-label=\"go to link\"><\/i><\/a><\/div><\/div><div class=\"image-wrapper scale-with-grid\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/a-critical-analysis-of-land-tenure-and-property-value\/\"><img fetchpriority=\"high\" decoding=\"async\" width=\"512\" height=\"800\" src=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14.jpg\" class=\"scale-with-grid wp-post-image\" alt=\"\" itemprop=\"image\" srcset=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14.jpg 512w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14-320x500.jpg 320w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14-192x300.jpg 192w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14-48x75.jpg 48w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14-480x750.jpg 480w\" sizes=\"(max-width:767px) 480px, 512px\" \/><\/a><\/div><\/div><\/li><li class=\"portfolio-item isotope-item category-case-studies  has-thumbnail\"><div class=\"masonry-hover-wrapper\"><div class=\"hover-desc bg-light\" style=\"\"><div class=\"desc-inner\"><h5 class=\"entry-title \" itemprop=\"headline\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/rising-above-the-tsunami-waves\/\">Rising Above the Tsunami Waves<\/a><\/h5><div class=\"desc-wrapper\">Authors: Information Rising Above the Tsunami Waves , Co-Author, Case studies of PTCRReMP\u2019s Interventions, Post-tsunami Coastal Rehabilitation and Resource Management Programme by IFAD, 2013, Sri Lanka,<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/div><\/div><div class=\"links-wrapper clearfix\"><a class=\"zoom\" href=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13.jpg\" rel=\"prettyphoto\"><i class=\"icon-search\" aria-label=\"zoom image\"><\/i><\/a><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/rising-above-the-tsunami-waves\/\"><i class=\"icon-link\" aria-label=\"go to link\"><\/i><\/a><\/div><\/div><div class=\"image-wrapper scale-with-grid\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/rising-above-the-tsunami-waves\/\"><img decoding=\"async\" width=\"512\" height=\"800\" src=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13.jpg\" class=\"scale-with-grid wp-post-image\" alt=\"\" itemprop=\"image\" srcset=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13.jpg 512w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13-320x500.jpg 320w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13-192x300.jpg 192w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13-48x75.jpg 48w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13-480x750.jpg 480w\" sizes=\"(max-width:767px) 480px, 512px\" \/><\/a><\/div><\/div><\/li><li class=\"portfolio-item isotope-item category-papers  has-thumbnail\"><div class=\"masonry-hover-wrapper\"><div class=\"hover-desc bg-light\" style=\"\"><div class=\"desc-inner\"><h5 class=\"entry-title \" itemprop=\"headline\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/reviewofpriceformationoflandandlandedpropertiesincolomboisitamythorreality\/\">Review of Price Formation of Land and Landed Properties in Colombo: Is it a Myth or Reality?<\/a><\/h5><div class=\"desc-wrapper\">Authors: Download References Abstract Land and landed properties are fundamental ingredients for the socioeconomic development of a country. In any development project, land and buildings are<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/div><\/div><div class=\"links-wrapper clearfix\"><a class=\"zoom\" href=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12.jpg\" rel=\"prettyphoto\"><i class=\"icon-search\" aria-label=\"zoom image\"><\/i><\/a><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/reviewofpriceformationoflandandlandedpropertiesincolomboisitamythorreality\/\"><i class=\"icon-link\" aria-label=\"go to link\"><\/i><\/a><\/div><\/div><div class=\"image-wrapper scale-with-grid\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/reviewofpriceformationoflandandlandedpropertiesincolomboisitamythorreality\/\"><img decoding=\"async\" width=\"512\" height=\"800\" src=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12.jpg\" class=\"scale-with-grid wp-post-image\" alt=\"\" itemprop=\"image\" srcset=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12.jpg 512w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12-320x500.jpg 320w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12-192x300.jpg 192w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12-48x75.jpg 48w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12-480x750.jpg 480w\" sizes=\"(max-width:767px) 480px, 512px\" \/><\/a><\/div><\/div><\/li><\/ul><div class=\"column one pager_wrapper pager_lm\"><a rel=\"next\" class=\"pager_load_more button has-icon\" href=\"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio\/828\/page\/2\/\"><span class=\"button_icon\"><i class=\"icon-layout\" aria-hidden=\"true\"><\/i><\/span><span class=\"button_label\">Load more<\/span><\/a><\/div><\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Authors: Download References Abstract This research study aims to ascertain professional perceived opinion on the impacts of Market Inputs (MI) on the accuracy of Fair Value<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":829,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"portfolio-types":[22],"class_list":["post-828","portfolio","type-portfolio","status-publish","has-post-thumbnail","hentry","portfolio-types-papers"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio\/828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio"}],"about":[{"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/types\/portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/comments?post=828"}],"version-history":[{"count":0,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio\/828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/media\/829"}],"wp:attachment":[{"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/media?parent=828"}],"wp:term":[{"taxonomy":"portfolio-types","embeddable":true,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio-types?post=828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}