Exemptions to applicability of IFRS 13 - Fair Value Measurement
Monday, December 16, 2013
www.ChartAcc.com - IFRS 13 is not applicable on followings:
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More about IFRS 13
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Posted by Vikrmn: Author of "10 Alone" (CA Vikram Verma) 10Alone.com
- 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
- 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
Stay connected to ChartAcc, a professional ShareSpace. Visit http://www.ChartAcc.com
Posted by Vikrmn: Author of "10 Alone" (CA Vikram Verma) 10Alone.com
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