Page 13 - PowerPoint Presentation

IFRS 13

Elements of fair value measurement

• Orderly transaction (IFRS 13.15-21)

• fair value measurement assumes that the asset or

liability is exchanged in an orderly transaction between

market participants to sell the asset or transfer the

liability at the measurement date under current market

conditions.

• A fair value measurement assumes that such a

transaction takes place either:

• in the principal market for the asset or liability; or

• in the absence of a principal market, in the most

advantageous market for the asset or liability.