CERTYNEX IFRS ACADEMY

Market Z is the principal market of Hallevin for its tin lots. Brindelle, which has no access to Z at the measurement date, writes: "Our principal market is also Z, since it is Hallevin's." What is the error?

The entity must be able to access the market at the measurement date, and different entities may have different principal markets.

Brindelle should have searched exhaustively all markets in existence before concluding, comparing the volumes and prices of each.

Brindelle should use the most advantageous market in all cases.

The principal market is always that of the largest competitor.