Educational material on fair value measurement
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The IFRS Foundation Education Initiative is developing educational material to accompany IFRS 13 Fair Value Measurement. The material is being developed in co-operation with a valuation expert group. This group will contribute examples that deal with practical implementation issues and suggest resolutions to those issues.
The IASB hopes that, by developing these educational materials, it will address concerns raised by entities in emerging and transition economies about applying fair value measurement principles. Those concerns were reiterated to some members and staff of the IASB at a meeting held with the Emerging Economies Group (EEG) in Beijing in July 2011.
Because the fair value measurement project was a joint project with the FASB, the FASB staff will also be involved in the development of the educational material.
The IASB supports the staff’s plan for developing educational material, noting that entities in developed economies faced challenges during the global financial crisis and asked the IASB for guidance for measuring fair value in specific circumstances.
The Education Initiative expects to publish the educational material in H2 2012. The educational material does not constitute official requirements of the IASB.
Activities
19 October 2011
The IASB and FASB discussed the staff’s plan for developing educational material relating to fair value measurement.
Read the full meeting update and access all previous updates and observer notes for the Fair Value Measurement project.
Click here to listen to the IASB meeting audio playback.
July 2011
Meeting of the EEG. In that meeting some members and staff of the IASB discussed with the EEG members common concerns about fair value measurement in their jurisdictions.
Click here to see all previous activities. |
Page last updated: 21 November 2011