International GAAP 2013: Generally Accepted Accounting Principles under International Financial Reporting Standards

Chapter 16

Fair value measurement

1 Introduction and background

1.1 Introduction

1.2 Overview of IFRS 13

1.3 Objective of IFRS 13

2 Scope

2.1 Items in the scope of IFRS 13

2.1.1 Fair value disclosures

2.1.2 Measurements based on fair value

2.2 Scope exclusions

2.2.1 Share based payments

2.2.2 Lease transactions

2.2.3 Measurements similar to fair value

2.2.4 Exemptions from IFRS 13's disclosures requirements

2.3 Present value techniques

2.4 Fair value measurement exceptions and practical expedients in other standards

2.4.1 Measurement exceptions to fair value measurement

2.4.2 Practical expedient for impaired financial assets carried at amortised cost

2.5 Measurement exceptions and practical expedients within IFRS 13

2.5.1 Practical expedients in IFRS 13

2.5.2 Measurement exception to the fair value principles for financial instruments

3 Definitions

4 The fair value framework

4.1 Definition of fair value

4.2 The fair value measurement framework

5 The asset or liability

5.1 The unit of account

5.1.1 Unit of account vs. the valuation premise

5.1.2 Does IFRS 13 allow fair value to be measured by reference to an asset's (or liability's) components?

5.2 Characteristics of the asset or liability

5.2.1 Condition and location

5.2.2 Restrictions on assets or liabilities

5.2.2.A In determining the fair value of a restricted security, is it appropriate to apply a constant discount percentage over the entire life of the restriction?

6 The principal (or most advantageous) market

6.1 The principal ...