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IFRS 13
Elements of fair value measurement
• The asset or liability (IFRS 13.9-14)
• The effect on the measurement arising from a
particular characteristic will differ depending on how
that characteristic would be taken into account by
market participants.
• The asset or liability measured at fair value might be
either of the following:
• A stand-alone asset or liability (e.g. a financial
instrument or a non-financial asset).
• A group of assets, or group of liabilities or a group of
assets and liabilities (e.g. a cash generating unit or a
business).
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