IFRS 13Chapter 15Lesson 1
At the boundaries: IAS 16, IAS 38, IAS 36, IFRS 9 and IFRS 3
Step 1 of 5Learning objectives
Go deeper+1 calculation · +1 journal entry · +1 point of attention
IFRS 13 provides the method for determining a fair value; other standards decide whether it applies, under which model and with what treatment of the difference. This lesson draws the boundary with IAS 16, IAS 38, IAS 36, IFRS 9 and IFRS 3.
45 minNot started
Learning objectives
- Analyse how IFRS 13 fair value feeds the IAS 16 revaluation model and calculate the revaluation difference.
- Assess whether the definition of an active market allows revaluation of an intangible asset.
- Calculate fair value less costs of disposal and the fair value of an instrument by discounting, and distinguish what belongs to IFRS 9.
- Place the use of the IFRS 13 framework in measuring assets acquired and liabilities assumed in a business combination.