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www.ChartAcc.com - IFRS 13 requires some Disclosures of Fair value to helps users of their financial statements assess both of the followings:

1. The valuation techniques and inputs used to develop those measurements:in the Statement of Financial Position:
• For assets and liabilities 
• measured at fair value 
• on a Recurring (RFVM) or Non-Recurring (NRFVM) basis.
2. The effect of the measurements:
   on profit or loss or other comprehensive income for the period:
• For fair value measurements (recurring) 
• using significant unobservable inputs (Level 3).

Read more here:

• What is IFRS 13 all about?
• Definition of Fair Value
• Fair value hierarchy

More about IFRS 13

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Posted by Vikrmn: Author of "10 Alone" (CA Vikram Verma) 10Alone.com