Measurement of Fair Value under IFRS 13

Tuesday, December 17, 2013 - 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.

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More about IFRS 13

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