CERTYNEX IFRS ACADEMY

A fund holds: (1) a share quoted in an active market, measured at its price; (2) a Level 2 interest rate swap; (3) an unlisted Level 3 interest. For which of these items does the entity describe the valuation techniques and the inputs used?

For the quoted share only, since it is the only one whose fair value is published.

For the quoted share and the Level 2 swap, but not for the unlisted interest.

For the Level 2 swap and the unlisted Level 3 interest.

For the unlisted interest only, since its inputs are not observable.