International GAAP 2021

Chapter 14Fair value measurement

• 1 INTRODUCTION AND BACKGROUND
  • 1.1 Introduction
    • 1.1.1 Post-implementation review
  • 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
    • 2.1.3 Short-term receivables and payables
  • 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 the disclosure requirements of IFRS 13
  • 2.3 Present value techniques
  • 2.4 Fair value measurement exceptions and practical expedients in other standards
    • 2.4.1 Fair value measurement exceptions
    • 2.4.2 Practical expedient for impaired financial assets carried at amortised cost
  • 2.5 Practical expedients and measurement exceptions within IFRS 13
    • 2.5.1 Practical expedients in IFRS 13
      • 2.5.1.A Use of net asset value to measure fair value
    • 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 and P×Q
    • 5.1.2 Unit of account and the portfolio exception
    • 5.1.3 Unit of account versus the valuation premise
    • 5.1.4 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 ...