accounting-Explain the hierarchy with regard to the qualitative characteristics of accounting

QUESTION

I need them to be answered like an Essay Format,
each Question need to be 600 words. This are for my Advance accounting exam.
Q1)Explain the hierarchy with regard
to the qualitative characteristics of accounting information described in the
conceptual framework. Do you agree or disagree with this hierarchy? Justify
your response.

Q2)Identify 3 factors which are likely
to impact choice of accounting measurement methods. Explain by way of example
how each of the factors identified impact on this choice.

Q3)Compare and contrast level 1, level
2 and level 3 fair value measurements. What implications do these different
measurement techniques have for the reliability of fair value disclosures?

Q4)Why is accounting measurement potentially
controversial?

ANSWER:

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