IFRS 13 - Fair Value Measurement
Measurement
transaction 15
assets or liabilities
principal market 19
the price 24-26
transaction costs 25
transportation costs 26
Application to non-financial assets 27
highest best use (HBU)
valuation premise 31
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Valuation techniques 61 - how to do them is in appendix.
Market approach
cost approach
income approach
consistent application
Fair Value hierarchy 72
level 1 - active market 76
level 2 - price of similar asset 81
level 3 - valuation model 86
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most adv market