Page 4 - PowerPoint Presentation

IFRS 13

Outcomes

• Identify the scope and purpose of IFRS 13.

• Define fair value and other applicable definitions.

• Understand the following concepts: principal market, most

advantageous market, orderly transaction, market participants
and the price.

• Determine the fair value of non-financial assets by referring to

the highest and best use of the asset.

• Apply the specific application of IFRS 13 to liabilities and an

entity’s own equity instruments.

• Identify valuation techniques to be followed which must be
consistent with one or a combination of the either the market,

cost or income approach.

• Understand the three levels of fair value measurement, which

classification thereof depends on the degree of observable
markets (fair value hierarchy).

• The disclosure requirements of IFRS 13.

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