The IFRS Foundation issued the first chapter of educational material to accompany IFRS 13 Fair Value Measurement. This chapter covers the application of the principles in IFRS 13 when measuring the fair value of unquoted equity instruments within the scope of IFRS 9 Financial Instruments.
During the development of IFRS 13, the IASB received feedback about the challenges of applying the fair value measurement principles in jurisdictions with less developed capital markets, such as emerging and transition economies. However, the IASB noted that the concerns raised were not specific to such jurisdictions and that all entities applying IFRSs would benefit from educational material to accompany IFRS 13.
Educational material is developed and published by the IFRS Foundation Education Initiative to assist in the consistent application of IFRSs. Such material is non-authoritative and has not been approved by the IASB. The IFRS Foundation Education Initiative is developing educational material to support IFRS 13 with the assistance of a valuation expert group. The material will cover the application of the principles in IFRS 13 across a number of topics. These topics will be published in individual chapters as they are completed, with today’s publication being the first.
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