Traditionally, accounting values are measured by historical costs which are easy to verify. In recent years, there is increasing recognition that the trade-off of using historical cost is that the accounting value may not be as useful for making business decisions. Fair value is set at three levels,...
This guidance publication lists the minimum contents of a valuation report in accordance with the new requirements of FRS 113 Fair Value Measurement, which is effective for periods beginning on or after 1 January 2013. It serves as a useful checklist for preparers in setting the scope of work when...
