Insights into IFRS 13 – Fair Value Measurement

The Grant Thornton International IFRS team has published Insights into IFRS 13 – Fair Value Measurement.

IFRS 13 Fair Value Measurement explains how to measure fair value by providing clear definitions and introducing a single set of requirements for almost all fair value measurements. It clarifies how to measure fair value when a market becomes less active.

IFRS 13 applies to both financial and non-financial items but does not address or change the requirements on when fair value should be used.

The publication Insights into IFRS 13 not only summarises the standard, it also provides detailed commentary on various aspects of applying IFRS 13 from the perspective of a preparer working alongside a valuation expert.