What is Fair Value?
Fair Value 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, as defined by IFRS 13 and US GAAP.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Fair Value” Used in Practice?
IFRS 13 requires all assets and liabilities measured at fair value to be disclosed with reference to the relevant input hierarchy.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Fair Value?
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, as defined by IFRS 13 and US GAAP.
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