Transcription of Ind As 113 – Fair Value Measurement
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Ind As 113 – Fair Value Measurement
1 Ind as 113 fair Value Measurement Reviewed by:- Nirmal Kumar Burad CHATURVEDI & SHAH CHARTERED ACCOUNTANTS Prepared by:- Sagar A. Kawali 2 Objective of IND as 113 IND AS Scope IND as 113 fair Value Measurement applies to IND AS s that require or permit fair Value measurements or disclosure and provide single framework for measuring fair Value and require disclosures about fair Value Measurement . IND as 113 also applies to measurements such as fair Value less costs to sell, based on fair Value or disclosures about those measurements. For eg. If you own a biological asset then it shall be measured on initial recognition & at the end of each reporting period at its fair Value less cost to sell. 3 Excluded from it scope items in following standard even though they are measured at fair Value :- Ind AS 102 ( Share-based Payments ) Ind AS 17 ( Leases ) Ind AS 2 ( Inventories ) Ind AS 36 ( Impairment of Assets ) Disclosures in Ind as 113 not apply for:- Disclosure of plan Assets measured at fair Value - Employee Benefits (Ind AS 19) Assets for which recoverable amount is fair Value less costs of disposal (Ind AS 36) 4 fair Value The price that would be received to:- Sell an Asset or Paid to transfer a liability In an orderly transaction Between market participants At the Measurement date.
or permit fair value measurements or disclosure and provide single framework for measuring fair value and require disclosures about fair value measurement. •IND AS 113 also applies to measurements such as fair value less costs to sell, based on fair value or disclosures about those measurements. For eg.
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