Business, Management and Accounting
2 years ago

IFRS 13 Shifting Focus to Market-Based Fair Value Measurements

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FAIR VALUE

Paper Summary

The article discusses how fair value is determined for assets and liabilities under IFRS 13. It emphasizes that fair value is based on market prices, not specific to the entity. The focus is on transactions between market participants at the measurement date. This approach ensures fair value reflects current market conditions. The same principles apply to determining the fair value of an entity's equity instrument.

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