Skip to Main Content
Wiley Interpretation and Application of IFRS Standards
book

Wiley Interpretation and Application of IFRS Standards

by PKF International Ltd
May 2018
Intermediate to advanced content levelIntermediate to advanced
1016 pages
38h 56m
English
Wiley
Content preview from Wiley Interpretation and Application of IFRS Standards

25Fair Value

  1. Introduction
    1. The Debate over the Use of Fair Value Measurements
  2. Scope
  3. Definitions of Terms
  4. Fair Value Measurement Principles and Methodologies
      1. Item Identification and Unit of Account
      2. The Principal or Most Advantageous Market
      3. Market Participants
      4. Selection of the Valuation Premise for Asset Measurements
      5. Risk Assumptions when Valuing a Liability
      6. Liabilities and Equity Instruments Held by Other (Third) Parties as Asset
      7. Liabilities and Equity Instruments not Held by Other (Third) Parties as Asset
      8. Restriction Preventing the Transfer of a Liability or an Entity's Own Equity Instrument
      9. Financial Liability with a Demand Feature
      10. Shareholders' Equity
      11. Fair Value for Net Exposures
      12. Inputs
      13. Valuation Techniques
    1. Measurement Considerations
  5. Fair Value Disclosure
  6. Education Material
  7. Future Developments
  8. US GAAP Comparison

Introduction

The Debate over the Use of Fair Value Measurements

Financial statement preparers, users, auditors, standard setters and regulators have long engaged in a debate regarding the relevance, transparency and decision-usefulness of financial statements prepared under IFRS, which is one among the various families of comprehensive financial reporting standards that rely on what has been called the “mixed attribute” model for measuring assets and liabilities. That is, existing IFRS imposes a range of measurement requirements, including both historical (i.e., transaction-based) cost and a variety of approximations to current economic values, for the initial ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Wiley Interpretation and Application of IFRS Standards

Wiley Interpretation and Application of IFRS Standards

PKF International Ltd
Wiley IFRS 2014: Interpretation and Application of International Financial Reporting Standards

Wiley IFRS 2014: Interpretation and Application of International Financial Reporting Standards

Bruce Mackenzie, Danie Coetsee, Tapiwa Njikizana, Edwin Selbst, Raymond Chamboko, Blaise Colyvas, Brandon Hanekom

Publisher Resources

ISBN: 9781119461500