1. Accounting, Auditing, Actuarial
  2. IFRS Foundation & IASB
  3. International Financial Reporting Standards (IFRSs)
  4. 2020
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  1. IFRS 13: Fair Value Measurement
  2. IFRS 13: Basis for Conclusions
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IFRS 13: Basis for Conclusions

Comparing proposed amendment...
Introduction (paras BC1-BC18)
BC1-BC3
Overview (paras BC4-BC8)
Background (paras BC9-BC18)
Scope (paras BC19-BC26)
Measurement (paras. BC27-BC182)
Definition of fair value (paras. BC27-BC45)
The asset or liability (paras. BC46-BC47)
The transaction (paras. BC48-BC54)
Market participants (paras. BC55-BC59)
The price (paras. BC60-BC62)
Application to non‑financial assets (paras. BC63-BC79)
Application to liabilities (paras. BC80-BCZ103)
Application to an entity’s own equity instruments (paras. BC104-BC107)
Application to financial assets and financial liabilities with offsetting positions in market risks or counterparty credit risk (paras. BC108-BC131)
Fair value at initial recognition (paras. BC132-BC138)
Short-term receivables and payables (para. BC138A)
Valuation techniques (paras. BC139-BC148)
Inputs to valuation techniques (paras. BC149-BC165)
Fair value hierarchy (paras. BC166-BC182)
Disclosure (paras. BC183-BC224)
BC183-BC185
Distinguishing between recurring and non-recurring fair value measurements (para. BC186)
Information about fair value measurements categorised within Level 3 of the fair value hierarchy (paras. BC187-BC210)
Transfers between Levels 1 and 2 of the fair value hierarchy (paras. BC211-BC212)
When an entity uses a non-financial asset in a way that differs from its highest and best use (paras. BC213-BC214)
The categorisation within the level of the fair value hierarchy for items that are not measured at fair value in the statement of financial position (paras. BC215-NC217)
Assets with a recoverable amount that is fair value less costs of disposal (paras. BC218-BC221)
Interim financial reporting (paras. BC222-BC224)
Effective date and transition (paras. BC225-BC230A)
Application in emerging and transition economies (paras. BC231-BC235)
Convergence with US GAAP (paras. BC236-BC238)
Cost-benefit considerations (paras. BC239-BC243)
Summary of main changes from the exposure draft (para. BC244)
Appendix Amendments to the Basis for Conclusions on other IFRSs
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