Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
accounting standard
|
| gptkbp:appliesTo |
Financial Reporting
Assets Business combinations Impairment testing Liabilities Equity instruments |
| gptkbp:compatibleWith |
Transaction price unless it represents fair value
|
| gptkbp:definedIn |
gptkb:IFRS_13
FASB ASC Topic 820 |
| gptkbp:defines |
Fair value as the price received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date
|
| gptkbp:establishes |
Fair value hierarchy
Framework for measuring fair value Disclosure requirements for fair value measurements |
| gptkbp:excludes |
Leases
Share-based payment transactions Measurements similar to fair value but not fair value |
| gptkbp:exitPrice |
Price to sell an asset or transfer a liability
|
| gptkbp:fairValueHierarchyLevel |
Level 1
Level 2 Level 3 |
| https://www.w3.org/2000/01/rdf-schema#label |
Fair Value Measurement
|
| gptkbp:Level_1_inputs |
Quoted prices in active markets for identical assets or liabilities
|
| gptkbp:Level_2_inputs |
Observable inputs other than quoted prices included in Level 1
|
| gptkbp:Level_3_inputs |
Unobservable inputs
|
| gptkbp:marketParticipants |
Buyers and sellers in the principal or most advantageous market
|
| gptkbp:measurementDate |
Reporting date
|
| gptkbp:mostAdvantageousMarket |
Market that maximizes the amount received or minimizes the amount paid
|
| gptkbp:principalMarket |
Market with the greatest volume and level of activity for the asset or liability
|
| gptkbp:purpose |
Provide guidance on measuring fair value
Increase consistency and comparability in fair value measurements |
| gptkbp:relatedTo |
Financial Instruments
Biological Assets Investment Property Non-financial Assets |
| gptkbp:requires |
Consideration of credit risk
Consideration of restrictions on sale or use Maximizing use of observable inputs Minimizing use of unobservable inputs Consideration of non-performance risk for liabilities |
| gptkbp:requiresDisclosureOf |
Inputs used in fair value measurements
Level of fair value hierarchy Sensitivity analysis for Level 3 measurements Transfers between levels of hierarchy Valuation techniques |
| gptkbp:uses |
Cost approach
Income approach Market approach |
| gptkbp:valuationPremise |
Highest and best use for non-financial assets
In-use or in-exchange basis |
| gptkbp:bfsParent |
gptkb:ASC_820
|
| gptkbp:bfsLayer |
7
|