As part of the IFRS Foundation Education Initiative, the IFRS Foundation staff is developing, with the assistance of a valuation expert group, educational material to support IFRS 13 Fair Value Measurement. 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.
On 18 October 2012, the IFRS Foundation staff published a draft of the first chapter of this educational material entitled Measuring the fair value of unquoted equity instruments within the scope of IFRS 9 Financial Instruments.
Comments are not being sought on the draft, which is being made available to allow interested parties to familiarise themselves with the document. The draft will remain on the website until the end of November 2012.
The IFRS Foundation intends to publish a final version of the document in December 2012. Its content will be non authoritative.