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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS13
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.
Input = evidence to look for in order to establish fair value
Observable = external evidence – for example, share price if the company is listed.
Thank you so very much.
A pleasure
