Scope exclusions

Learning objectives

• Distinguish the transactions excluded from the scope (share-based payments, leases) from measurements that resemble fair value without being fair value (net realisable value, value in use).L1

Normative references

• IFRS 13 §6Excluded from both the measurement and disclosure requirements: share-based payments (IFRS 2), leasing transactions (IFRS 16) and measurements that have some similarities to fair value but are not fair value (net realisable value in IAS 2, value in use in IAS 36).

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

4 questions

• A share-based payment expense within IFRS 2 is measured under the IFRS 13 measurement framework.L1
• Which of these measures resembles fair value without being fair value within the meaning of IFRS 13?L1
• For its inventories, Valtrenne writes: "Our net realisable value is a fair value within the meaning of IFRS 13, so we apply the IFRS 13 framework." What is the error?L1
• Which of these transactions is excluded from the IFRS 13 measurement and disclosure scope?L1