Fair value measurement (IFRS 13)

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Fair value measurement (IFRS 13) by Mind Map: Fair value measurement (IFRS 13)

1. Recognition and measurement

1.1. Fair value definitions

1.1.1. The asset or liability

1.1.2. The transaction

1.1.3. Market participants

1.1.4. The price

1.2. Measuring the fair value of non-financial assets

1.2.1. Highest and best use

1.2.2. Valuation premise for non-financial assets

1.3. Measuring the fair value of liabilities and an entity’s own equity instruments

1.4. Measuring financial assets and financial liabilities with offsetting positions in market risks or counterparty credit risk

1.5. Fair value at initial recognition

1.6. Valuation techniques

1.6.1. The market approach

1.6.2. The cost approach

1.6.3. The income approach

1.7. Inputs to valuation techniques

1.7.1. Premiums and discounts

1.7.2. Inputs based on bid and ask prices

1.7.3. Fair value hierarchy

2. Presentation and disclosure

2.1. Classes of assets and liabilities

2.2. Transfers between a hierarchy

2.3. Assets and liabilities whose fair value disclosure is required but are not measured at fair value

2.4. Other general disclosures

3. Scope and definitions

3.1. Quick overview

3.2. Definitions

3.3. Scope

4. Current issues and further resources

4.1. Current issues

4.1.1. Covid-19 considerations

4.1.2. Future amendments

4.1.3. Reporting framework differences

4.1.4. IFRIC agenda

4.2. Further resources

4.2.1. Reported Disclosures

4.2.2. IFRS checklist

4.2.3. Model accounts