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(PDF) Quick Reference on Ind AS 113, Fair Value Measurement

Download Quick Reference on Indian Accounting Standard (Ind AS) 113, Fair Value Measurement


Ind AS 113: Fair Value Measurement

Ind AS 113 applies when another Ind AS requires or permits fair value measurements or disclosures about fair value measurements (and measurements, such as fair value less costs to sell, based on fair value or disclosures about those measurements), except in specified circumstances.

The measurement and disclosure requirements of this Ind AS do not apply to the following:

(a) share-based payment transactions within the scope of Ind AS 102, Share- based Payment;

(b) leasing transactions within the scope of Ind AS 116, Leases; and

(c) measurements that have some similarities to fair value but are not fair value, such as net realisable value in Ind AS 2, Inventories, or value in use in Ind AS 36, Impairment of Assets.

The disclosures required by this Ind AS are not required for the following:

(a) plan assets measured at fair value in accordance with Ind AS 19, Employee Benefits; and

(b) assets for which recoverable amount is fair value less costs of disposal in accordance with Ind AS 36.

The Standard defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

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