The IASB's position is that fair value measurement for financial liabilities is more relevant and understandable than amortized cost.

Question

Quizplus · Accepted Answer

The IASB believes that fair value measurement provides more relevant and understandable information about financial liabilities than amortized cost. This is because fair value reflects the current market value of the liability, which is more useful for decision-making than historical cost.

The IASB's Position Is That Fair Value Measurement for Financial