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This IFRS defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Paragraph B2 describes the overall fair value measurement approach. The asset or liability. A fair value measurement is for a particular asset or liability.
This publication will help you apply the principles of Topic 820 Fair Value Measurement and IFRS 13 Fair Value Measurement , and understand the key differences between US GAAP and IFRS Accounting Standards.
This edition of our Fair value measurement handbook includes a new series of questions and answers on applying the new Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2022-03 Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions .
26 wrz 2023 · We recognize that applying the fair value measurement guidance can be challenging. EY professionals are prepared to help you identify and understand the issues related to fair value measurement.
Download the document: Fair value measurement. Download PDF. Latest edition: Applying fair value measurement and disclosure guidance under US GAAP and IFRS® Accounting Standards.
Valuation techniques that convert future amounts (eg cash flows or income and expenses) to a single current (ie discounted) amount. The fair value measurement is determined on the basis of the value indicated by current market expectations about those future amounts. [Refer: paragraphs B10 and B11] inputs
This chapter provides a high-level overview of fair value measurements. It highlights the items for which fair value measurements are required or permitted, summarizes the authoritative guidance that governs fair value measurements under US GAAP and IFRS, and discusses the key concepts included in the fair value guidance.
