Transcription of Fair Value Measurement IFRS 13
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Fair Value Measurement IFRS 13
IFRS 13 fair Value MeasurementIn May 2011 the International Accounting Standards Board issued IFRS 13 fair ValueMeasurement. IFRS 13 defines fair Value and replaces the requirement contained inindividual Standards have made minor consequential amendments to IFRS 13. They includeIAS 19 Employee Benefits (issued June 2011), Annual Improvements to IFRSs 2011 2013 Cycle (issued December 2013), IFRS 9 Financial Instruments (issued July 2014) andIFRS 16 Leases (issued January 2016).IFRS 13 IFRS FoundationA685 CONTENTS from paragraphINTERNATIONAL FINANCIAL REPORTING STANDARD 13 fair Value MEASUREMENTOBJECTIVE1 SCOPE5 MEASUREMENT9 Definition of fair value9 The asset or liability11 The transaction15 Market participants22 The price24 Application to non-financial assets27 Application to liabilities and an entity s own equity instruments34 Application to financial assets and financial liabilities with offsettingpositions in market risks or counterparty credit risk48 fair Value at initial recognition57 Valuation techniques61 Inputs to valuation techniques67 fair Value hierarchy72 DISCLOSURE91 APPENDICESA Defined termsB Application guidanceC Effective date and transitionD Amendments to other IFRSsAPPROVAL BY THE BOARD OF IFRS 13 ISSUED IN MAY 2011 FOR THE ACCOMPANYING GUIDANCE LISTED BELOW, SEE PART B OF THIS EDITIONILLUSTRATIVE EXAMPLESAPPENDIXA mendments to the guidance on other
Paragraph B2 describes the overall fair value measurement approach. The asset or liability. A fair value measurement is for a particular asset or liability. Therefore, when measuring fair value an entity shall take into account the characteristics of the asset or liability if …
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