Exchange and Fair value hierarchy: Difference between pages
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''Financial reporting - IFRS 13''. | |||
IFRS 13 seeks to increase consistency and comparability in fair value measurements and related disclosures through a 'fair value hierarchy'. | |||
2. | The hierarchy categorises the inputs used in valuation techniques into three levels i.e. Level 1, Level 2 and Level 3. | ||
*Level 1 inputs: quoted prices in active markets for identical assets or liabilities that the entity can access at the measurement date. | |||
*Level 2 inputs: inputs other than quoted market prices that are observable for the asset or liability, either directly or indirectly. | |||
3 | *Level 3 inputs: unobservable inputs for the asset or liability. | ||
== See also == | == See also == | ||
* [[ | * [[Fair value]] | ||
* [[FVTPL]] | |||
* [[FVTOCI]] | |||
* [[IFRS 13]] | |||
* [[International Accounting Standards Board]] | |||
* [[ | |||
* [[ | |||
* [[ | |||
* [[ | |||
Revision as of 17:36, 10 July 2018
Financial reporting - IFRS 13.
IFRS 13 seeks to increase consistency and comparability in fair value measurements and related disclosures through a 'fair value hierarchy'.
The hierarchy categorises the inputs used in valuation techniques into three levels i.e. Level 1, Level 2 and Level 3.
- Level 1 inputs: quoted prices in active markets for identical assets or liabilities that the entity can access at the measurement date.
- Level 2 inputs: inputs other than quoted market prices that are observable for the asset or liability, either directly or indirectly.
- Level 3 inputs: unobservable inputs for the asset or liability.
