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www.ChartAcc.com - To measure Fair value under IFRS 13 following factors are to be determined / identified:

• Asset or Liability:
• which is the subject of the measurement (per unit of account)
• Valuation Premise:
• for a non-financial asset, the valuation premise that is appropriate for the measurement (per Highest and best use)
• Principal market:
• for the asset or liability
• Valuation Technique:
• for appropriate measurement, 
• considering the availability of data: 
• to develop inputs 
• that represent the assumptions 
• that market participants would use 
• to price the asset or liability and 
• the level of the Fair value hierarchy within which the inputs are categorised.

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