The objectives of AASB 13 Fair Value Measurement include which of the following?
I To require disclosures about fair value measurement.
II To require the use of fair value when measuring all assets and liabilities.
III To define fair value.
IV To set out in a single standard a framework for measuring fair value.
A)I,III and IV only
B)II and III only
C)III and IV only
D)I and IV only

Question

Quizplus · Accepted Answer

AASB 13 Fair Value Measurement requires disclosures about fair value measurement, defines fair value, and sets out in a single standard a framework for measuring fair value. However, it does not specifically require the use of fair value when measuring all assets and liabilities.

The Objectives of AASB 13 Fair Value Measurement Include Which