What is fair value?

Firstly, let‘s understand the definition of fair value. IFRS 13 defines fair value 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. Accordingly, fair value is a market-based and not an entity-specific measurement.

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What is fair value?

Do i need an accountant

do i need an accountant?

Top 10 questions you should ask!