CERTYNEX IFRS ACADEMY

What is the objective of IFRS 13?

To set the recognition of revaluation differences in profit or loss or in other comprehensive income, according to the nature of the item.

To define fair value, set out in a single standard the framework for measuring it and prescribe the disclosures.

To set the single discount rate that all entities must use.

To decide in which cases assets must be measured at fair value.