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Fair Value Measurement Under Ifrs 13

Author

Listed:
  • COZMA IGHIAN DIANA

    (TECHNICAL UNIVERSITY OF CLUJ NAPOCA / NORTH UNIVERSITY OF BAIA MARE)

Abstract

The IFRS 13, „Fair Value Measurement”, was first published in May 2011 and it applies to annual reporting periods that begin on or after January 1st 2013; this standard comes as a result of shared efforts on the part of the IASB and the FASB to develop a convergent framework regarding fair value measurement. The main purpose of this paper is to describe the main provisions of the IFRS 13 regarding fair value measurement, with a special emphasis on key concepts found throughout the standard, which refer to the principal market, the most advantageous market, the highest and best use, valuation techniques, and value hierarchy.

Suggested Citation

  • Cozma Ighian Diana, 2015. "Fair Value Measurement Under Ifrs 13," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 55-59, June.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:3:p:55-59
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    References listed on IDEAS

    as
    1. Pawel Mielcarz, 2014. "A new approach to private firm fair value valuation in line with IFRS 13 – the concept of the most advantageous market discount (MAMD)," Business and Economic Horizons (BEH), Prague Development Center, vol. 10(1), pages 79-85, April.
    2. Vera Palea & Renato Maino, 2013. "Private Equity Fair Value Measurement: A Critical Perspective on IFRS 13," Australian Accounting Review, CPA Australia, vol. 23(3), pages 264-278, September.
    3. Mielcarz, Pawel, 2014. "A new approach to private firm fair value valuation in line with IFRS 13 - the concept of the most advantageous market discount (MAMD)," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 10(1), pages 1-7.
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