Asked by Karen Sandoval on Jun 29, 2024
Verified
Which of the following disclosures are required under AASB 13:
A) The valuation techniques used to measure fair value.
B) Non-recurring fair value measurements.
C) Changes in the inputs used to measure fair value.
D) All of the options are correct.
Valuation Techniques
Methods used to estimate the value of an asset, liability, or company, incorporating various financial models and approaches.
Non-recurring Measurements
Financial assessments that are unusual or infrequent and not expected to happen often in the future.
- Identify the appraisal methods mandated by AASB 13.
- Determine the goals and primary motives behind the publication of AASB 13.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
D
Explanation :
All the options are correct as they are all required disclosures under AASB 13. The standard requires entities to disclose the valuation techniques used, non-recurring fair value measurements, and changes in inputs used to measure fair value to provide useful information about how fair value was determined.
Learning Objectives
- Identify the appraisal methods mandated by AASB 13.
- Determine the goals and primary motives behind the publication of AASB 13.
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