Definition of Highest and best use under IFRS 13 - Fair Value Measurement

Monday, December 16, 2013 - IFRS 13 defines Highest and best use as follows:

It is the use..
  • of a non-financial asset 
  • by market participants 
  • that would maximise the value..
    • of the asset or 
    • the group of assets and liabilities or a business within which the asset would be used.

Read other Key Definitions under IFRS 13

Read more here:

More about IFRS 13

Stay connected to ChartAcc, a professional ShareSpace. Visit 
Posted by Vikrmn: Author of "10 Alone" (CA Vikram Verma)


ChartAcc Logo by Vikrmn CA Vikram Verma
Share space for Chartered Accountants
and Financial Professionals