Page 14 - PowerPoint Presentation

IFRS 13

Elements of fair value measurement

• Orderly transaction (IFRS 13.15-21)

• An entity need not undertake an exhaustive search of all

possible markets to identify the principal market or the

most advantageous market, but it shall take into account

all information that is reasonably available.

• In the absence of evidence to the contrary, the market in

which the entity would normally enter into a transaction

to sell the asset or to transfer the liability is presumed to

be the principal market or, if absent, the most

advantageous market.