Highest and best use and RFFV: Difference between pages

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imported>Doug Williamson
(Incorporate market participants within the body of the page.)
 
imported>Doug Williamson
(Create the page. Source: The Treasurer March 2015 page 35.)
 
Line 1: Line 1:
''Financial reporting - fair value''.
Ring-fenced financing vehicle.
 
IFRS 13 Fair Value Measurement defines 'highest and best use' in relation to establishing fair values for non-financial assets and liabilities.
 
In this context the measurement of the 'highest and best use' by market participants of the asset being valued takes into account the use of the asset that is:
*Physically possible
*Legally permissible and
*Financially feasible.
 
 
 
==See also==
*[[IFRS 13]]
*[[Fair value]]
*[[Market participant]]

Revision as of 16:41, 7 March 2015

Ring-fenced financing vehicle.