An item of asset or liability will be recognized in the financial statement of the entity with an amount when those assets/liabilities meet the recognition criteria. To get that amount requires measurement. Most reporting standards make use of Fair Value Measurement of an Asset or Liability.
Previously, all reporting standards that used fair value measurement had separate guidelines for the use of fair value: this led to several issues including lack of comparability and contradictions among the reporting standards. To resolve those issues, a single Reporting Standard was issued by the IASB to provide single guidelines for fair value measurement among several reporting standards: thus, IFRS 13 Fair Value Measurement. This video provides all the information needed to understand and apply the standard IFRS 13. Let's watch and learn together.
#IFRS13 #FairValueMeasurement #financialreporting #ican #ica #icag #acca #universities #businesses #FairValue #financialreporting #SBR #CorporateReporting #AccountingStandards #IAS #IFRS

свернуть