IFRS 13

Hi, In many of the consolidation questions the acquisition occurred very recently and so the FV has not changed. Also, under old IAS 39 rules we were allowed to hold the value of unquoted equity at cost, but this can now no longer be done under IFRS 9. So some older questions may show the investment at cost. Now we have to measure the asset at fair value, as you mention above, so do be careful when looking for the cost of the investment that you use the amount of the consideration at acquisition and not the fair value at the reporting date. Also, any change in fair value since acquisition will need to be removed on consolidation, along with the investment itself. Thanks

Excellent, this has appeared more in recent sittings, so good to be aware of it.