ACCA SBR IFRS 13 Fair Value Measurement分析和总结分析和总结.docxVIP

ACCA SBR IFRS 13 Fair Value Measurement 今天整理 IFRS 13 Fair Value Measurement 的知识点！ Definition: Definition: Fair value is 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. Valuation techniques:这个 price 是如何计算出来的呢？我们需要学习 Valuation techniques: Valuation techniques 分 两 大 点 ， 第 一 点 是 General principle: Valuation techniques used to measure fair value shall maximise the use of relevant observable inputs andd minimise the use of unobservable inputs . 这里涉及一个 Fair value hierarchy ，这个三层的金字塔有三种类型的数据供我们选择。 Level 1 input: Quoted prices in active markets for identical asseets or liabilities that the entity can assess at the measurement date. (most reliable) Level 2 input: Quoted prices for similar assets or liabilities in active markets OR Quoted prices for identical or similar assets or liabilities in markets that are not active Level 3 input: Unobservable inputs for the assets or liabilities 区 别 Level 12 ： Level 1 input: 相同+活跃 Level 2 input: 相似+活跃 或 相同/相似+不活跃 Specific valuation technique:第二点是 Specific valuation technique: Market approach Valuation of a target company= Target company profit after tax * benchmark P/E ratio Cost approach Valuation of a target company= Current replacement cost - Obsolescence Income approach Those valuation techniques include present value techniques, option pricing models such as the Black-Scholes-Merton formula or a binomial model. 那么这个 transaction 是在哪里发生的呢？ Most advantageous market） Principal market: the market with the greatest volume and level of activity fot the asset or liability Most advantageous market 若无 P r i nci pa l m ar ke t ，则用 最优 市场