Determining The Fair Value Of Financial Instruments Under IFRS In Current Market Condition

Topics:
Reporting and Control
Tags:
Finance,
Financial,
Financial Accounting,
Financial Asset,
Financial Instrument,
Financial Liability,
Free Trade,
International Financial Reporting Standards
Source:
Deloitte Touche Tohmatsu

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Overview: The objective of this paper is to enhance awareness of the requirements of International Financial Reporting Standards (IFRS) in relation to the determination of fair value of financial assets and financial liabilities and related disclosures in the context of current market conditions. This paper highlights those aspects of existing IFRS accounting literature that are most likely to be relevant when establishing the fair value of financial assets and financial liabilities and related disclosures in the context of current market conditions. If financial assets and financial liabilities are not required or permitted to be measured at fair value under IFRS, disclosures of their fair value is required.

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Format: PDF | Size: 58KB | Date: Dec 2007 | Pages: 5


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