Valuation Techniques (IFRS 13 Fair Value Measurement)

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Last updated: 2 November 2020 The three widely used valuation techniques cited by IFRS 13 are the market approach, the cost approach and the income approach. Entities should choose a technique, or combination of techniques, that is most appropriate in the circumstances and for which sufficient data are available to measure fair value, maximising the … Read more

Fair Value Measurement of Liabilities and Own Equity (IFRS 13)

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Last updated: 2 November 2020 A fair value measurement assumes that a financial or non-financial liability or an entity’s own equity instrument is transferred to a market participant at the measurement date. The transfer assumes the following (IFRS 13.34): A liability remains outstanding and the market participant transferee is required to fulfil the obligation. In … Read more

Fair Value Framework (IFRS 13)

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Last updated: 2 November 2020 Fair value is defined in IFRS 13 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 (IFRS 13.9). In other words, it is a current exit price and it is applicable … Read more

IFRSbox Rebrands to CPDbox

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My dear readers, subscribers, followers, and friends, I am very excited to announce that IFRSbox has been rebranding to CPDbox. As you can see, our URL has already changed to www.cpdbox.com, and our logo has also changed. More changes will follow shortly to make a transition smoothly.   Why CPDbox? Because I want this site … Read more

IFRS vs US GAAP in 2020: Top 5 Most Common Differences

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A few years ago I wrote an article about differences between IFRS and US GAAP. And, I was completely wrong! Why? I assumed, or better said – I expressed the hope that by 2015, we would have a single set of the global reporting standards. Now, it is 2020 and although the world has come … Read more

001: What closing rate to apply when more rates are available?

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http://traffic.libsyn.com/ifrsqa/QA001_DualRatesIFRS.mp3 Podcast: Play in new window | Download   Transcript: What closing rate should you apply when more rates are available? Hi guys, this is Silvia of IFRSbox.com and welcome to the very first episode of IFRS Q&A or questions and answers with me. I’m here for you, and each week I hope I’ll be … Read more

002: How to deal with different useful lives of PPE within the group?

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http://traffic.libsyn.com/ifrsqa/IFRS_QA_002__How_to_handle_different_useful_lives_of_PPE_within_the_group_.mp3 Podcast: Play in new window | Download   Show notes IFRS Question 002: Different useful life of PPE within the same group We have a head office in Singapore and subsidiaries in various countries. The headquarters of the parent company set the useful lives of the property, plant and equipment (PPE) for the whole … Read more