Disclosure objectives

Learning objectives

• Explain the disclosure objectives and how to assess the level of detail and aggregation.L3

Normative references

• IFRS 13 §91Disclosure objectives: to help users assess the valuation techniques and inputs used for recurring and non-recurring measurements, and the effect of recurring Level 3 measurements on profit or loss or other comprehensive income.
• IFRS 13 §92The entity considers the level of detail, how much emphasis to place on each requirement, the level of aggregation and whether additional information is needed to meet the objectives.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

2 questions

• What are the objectives of the disclosures about fair value measurements?L3
• To lighten its notes, a group lumps together in a single category 'Financial instruments' instruments that are very different in nature and risk. What does a reviewer say about this practice?L3