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IFRS13

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS13

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 25, 2020 at 9:31 am #600841
    akka17bakka
    Participant
    • Topics: 105
    • Replies: 99
    • ☆☆☆

    Hello Tutor,

    Could you kindly guide me two things from IFRS13 hierarchy, please?

    1)level 1 input comprises of….. here what does inputs mean specifically?

    2) What does observable inputs mean?

    Thank you.

    December 26, 2020 at 3:05 pm #600913
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3427
    • ☆☆☆☆☆

    Input = evidence to look for in order to establish fair value

    Observable = external evidence – for example, share price if the company is listed.

    January 11, 2021 at 12:43 pm #605499
    akka17bakka
    Participant
    • Topics: 105
    • Replies: 99
    • ☆☆☆

    Thank you so very much.

    January 11, 2021 at 4:20 pm #605536
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3427
    • ☆☆☆☆☆

    A pleasure

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘IFRS13’ is closed to new replies.

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