Global Standards for the world economy

Thursday 27 October 2016

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Fair Value Measurement: Unit of Account

Fair Value Measurement: Unit of Account

 Fair Value Measurement: Unit of Account

The project addresses questions received about the unit of account for financial assets that are investments in subsidiaries, joint ventures and associates measured at fair value. The project also addresses questions received on the interaction between the use of Level 1 inputs and the measurement of quoted investments at fair value and the portfolio exception in IFRS 13 Fair Value Measurement.

Similarly, the International Accounting Standards Board ('the Board') has also received questions on the measurement of the recoverable amount of cash-generating units (CGUs) on the basis of fair value less costs of disposal when they correspond to entities that are quoted in an active market (quoted CGUs).

Project stages

Stage completed: The work carried out in this project will be fed into the Post-implementation Review (PIR) of IFRS 13 Fair Value Measurement