Fair value 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.
Additional materials dealing with Fair value:
- An Opportunity to Correct the Derivative-on-Derivative Distortion in IAS 32: A Forward Contract to Issue an “Equity Option” should be Classified as Equity, not as a Financial Derivative
- The IASB’s Quick Fix for the Distortion Created by IFRS 18 in the Presentation of Operating Profit in Entities Whose Primary Business Activity is Investment in Assets
- The Emperor’s New Clothes – Report on the Value of the Benefits to Executives in Respect of Capital Grants
- Classification Inconsistency in Equity Method Results under IFRS 18: Further Evidence—The Case of Separate Financial Statements
- The Crypto Industry: Current Accounting Standards Lead to Inflated Statement of Profit or loss
- Inherent Distortion in IFRS 18: the Expected Impact on Operating Results of Companies Whose Main Business Activity Includes Investing in Associates and Joint Ventures Accounted for Using the Equity Method
- Off-Balance Sheet Financing: The Proposed Amendment to IAS 37 Demonstrates the Need to Recognise a Liability for the Acquisition of an Asset in Exchange for Performance-Based Contingent Consideration
- IFRS 18 Implementation Issues: Operating Profit is too Important to be Defined as a Residual Category
- Approaching the initial application of IFRS 18: Agile Accounting Planning Can Lead to Growth in Equity and Profitability
- How Will Valuations Be Performed Following IFRS 18