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Reasons for issuing the IFRS standards 13

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 puru_test asked about 1 year ago

What are the Reasons for issuing the IFRS standards 13?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Biswajit Mondal answered about 1 year ago

Reasons for issuing the IFRS standards 13: This IFRS:

  1. defines fair value
  2. sets out in a single IFRS a framework for measuring fair value; and
  3. requires disclosures about fair value measurements.

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