IFRS 7Chapter 4Lesson 1
Fair value and hedging: what IFRS 7 adds, what other standards decide
Step 1 of 4Learning objectives
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Two families of information resting on IFRS 13 and IFRS 9: the initial difference and the fair value to provide, then the scope of hedging disclosures.
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Learning objectives
- State when a difference between initial fair value and transaction price calls for disclosure and when the carrying amount approximates fair value.
- Tell what belongs to IFRS 13 from what IFRS 7 adds on fair value.
- Identify the exposures for which hedging disclosures are required.