Exemptions to applicability of IFRS 13 - Fair Value Measurement

Monday, December 16, 2013

www.ChartAcc.com - IFRS 13 is not applicable on followings:
  1. Exemption from Measurement and Disclosure requirements:
    • IFRS 2 - Share based payment transactions 
    • IAS 17 - Leasing transactions 
    • Measurements that have some similarities to fair value, but are not fair value, such as:
      • IAS 2 - Inventories - NRV (Net Realisable Value)
      • IAS 36 - Impairment of Assets - Value-in-use
  2. Exemption from Disclosures requirements only
    • IAS 19 - Employee Benefits - Assets measured at fair value 
    • IAS 36 - Assets for which recoverable amount is fair value less costs of disposal 
    • IAS 26 - Retirement benefit:
      • Investments measured at fair value
      • Accounting and Reporting there under

Read more here:


More about IFRS 13

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

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