The IASB and FASB discussed the staff's plan for developing educational material relating to fair value measurement. This educational material will describe at a high level the thought process that one might go through to meet the objective of a fair value measurement.
Because the fair value measurement project was a joint project, the educational material will be consistent with both IFRS 13 Fair Value Measurement and Topic 820 Fair Value Measurement in the FASB Accounting Standards Codification®. The IASB and FASB staff will work together in its development.
The staff will form an advisory group to help with developing examples that are relevant for understanding the processes involved when applying the fair value measurement principles in IFRS 13 and Topic 820.