IFRS 13 definition

IFRS 13 means IFRS 13, Fair Value Measurements.
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IFRS 13 means IFRS 13 Fair Value Measurement;
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Examples of IFRS 13 in a sentence

  • IFRS 13 does not change when an entity is required to use fair value, but rather provides guidance on how to measure fair value under IFRS when fair value is required or permitted.

  • IFRS 13 establishes a single source of guidance under IFRS for all fair value measurements.

  • New Standard IFRS 13 “Fair Value Measurement” This new standard replaces the fair value measurement guidance currently included in various other IFRS standards with a single definition of fair value and extensive application guidance.

  • IFRS 13 provides guidance on how to measure fair value and does not introduce new requirements for when fair value is required or permitted.

  • The application of IFRS 13 has not impacted the fair value measurements carried out by the Company.

  • The acquisition method of accounting applies the fair value concepts defined in IFRS 13, Fair Value Measurement (“IFRS 13”), and requires, among other things, that the identifiable assets acquired and liabilities assumed in a business combination are recognised at their fair values as of the acquisition date, with any excess of the purchase consideration over the fair value of identifiable net assets acquired recognised as goodwill.

  • IFRS 13 is a new standard that applies to both financial and non-financial items measured at fair value.

  • Valuers need to be aware of this conceptual difference to ensure any valuations submitted are consistent with the objective of a fair value measurement in accordance with IFRS 13.

  • Under IFRS 7 Financial instruments: Disclosures and IFRS 13 Fair value measurement, the Company’s share price has been assessed under the fair value hierarchy as Level 2 input.

  • The Asset registers are shown at; Appendix 1 – Effects of IFRS 13 Appendix 2 – GLA / GLAP Appendix 3 – LLDC / E20 The GLA and LLDC will provide copies of relevant documentation including any relevant Project updates, contractual arrangements and associated contact details.

Related to IFRS 13

  • IFRS means the International Financial Reporting Standards as issued by the International Accounting Standards Board.

  • UK GAAP means generally accepted accounting principles in the United Kingdom set forth from time to time by the United Kingdom Accounting Standards, which are applicable to the circumstances and in effect as of the date of determination thereof.

  • U.S. GAAP means United States generally accepted accounting principles.

  • IASB means the International Accounting Standards Board;

  • IFR means the symbol used to designate the instrument flight rules;