FTSE 100 and Fair value hierarchy: Difference between pages
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imported>Administrator (CSV import) |
imported>Doug Williamson (Source: IFRS 13, www.iasplus.com) |
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1. | 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. | |||
== See also == | == See also == | ||
* [[ | * [[Fair value]] | ||
* [[ | * [[FVTPL]] | ||
* [[ | * [[FVTOCI]] | ||
* [[International Accounting Standards Board]] | |||
* [[IFRS 13]] |
Revision as of 22:53, 9 July 2018
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.