Page 9 - PowerPoint Presentation

IFRS 13

Elements of fair value measurement

• The asset or liability (IFRS 13.9-14)

• A fair value measurement is for a particular asset

or liability.

• The entity must therefore take into account what

the characteristics of the asset or liability are if

the market participants would take those

characteristics into account when the asset or

liability is priced on the measurement date.

• Characteristics include the following:

• The condition and location of the asset.

• Any restrictions on the sale or use of the asset.

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