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  • A) Share-Based Payment Transactions B) Leases

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    LALALA LULULU
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    PFRS 13 provides guidance on fair value measurement. It defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurement is required unless another PFRS requires measurement at fair value or fair value less costs to sell. There are three levels of inputs to valuation techniques used to measure fair value, with Level 1 using quoted prices and Level 3 using unobservable inputs.

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    PFRS-13-QA

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    PFRS 13 provides guidance on fair value measurement. It defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurement is required unless another PFRS requires measurement at fair value or fair value less costs to sell. There are three levels of inputs to valuation techniques used to measure fair value, with Level 1 using quoted prices and Level 3 using unobservable inputs.

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    18 views1 page

    A) Share-Based Payment Transactions B) Leases

    Uploaded by

    LALALA LULULU
    PFRS 13 provides guidance on fair value measurement. It defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurement is required unless another PFRS requires measurement at fair value or fair value less costs to sell. There are three levels of inputs to valuation techniques used to measure fair value, with Level 1 using quoted prices and Level 3 using unobservable inputs.

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    © All Rights Reserved
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    PFRS 13

    1.The costs that would be incurred to transport an asset from


    its current location to its exit market?

    Transport cost

    2. What Is the price that would be received to sell an asset or


    paid to transfer a liability in an orderly transaction between
    market participants at the measurement date?
    FAIR VALUE

    3. PFRS 13 DOES NOT APPLY TO THE FOLLOWING EXEPT:

    a) Share-based payment transactions


    b) Leases
    c) To the fair value measurement, and related disclosures of an asset,
    liability and equity if other PFRSs require measurement at fair value
    or fair value less costs to sell.
    d) Measurements that have some similarities but are not fair value.

    4. What formula we use to get the fair value?

    5. State the 3 level of Fair Value Hierarchy.

    LEVEL 1 Quoted prices


    LEVEL 2 Observable data
    LEVEL 3 Unobservable inputs

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