{"id":224304,"date":"2025-06-28T11:30:07","date_gmt":"2025-06-28T11:30:07","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-is-fair-value-according-to-ifrs-13\/"},"modified":"2025-06-28T11:30:07","modified_gmt":"2025-06-28T11:30:07","slug":"what-is-fair-value-according-to-ifrs-13","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-is-fair-value-according-to-ifrs-13\/","title":{"rendered":"What is fair value according to IFRS 13?"},"content":{"rendered":"

**What is fair value according to IFRS 13?**<\/p>\n

Fair value is defined by the International Financial Reporting Standards (IFRS) 13 as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is considered to be an exit price from the perspective of the entity that holds the asset or owes the liability.<\/p>\n

IFRS 13 provides a framework for fair value measurement and disclosure requirements for financial reporting purposes. Its objective is to enhance consistency and comparability in fair value measurement and promote transparency in financial statements.<\/p>\n

Fair value is a concept that is widely used in financial reporting, especially for assets and liabilities whose market prices may fluctuate. It helps in providing relevant information to investors, lenders, and other users of financial statements to make better-informed decisions.<\/p>\n

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