Volume : VI, Issue : XII, December - 2017

IND AS 113; FAIR VALUE MEASUREMENT AND ITS EFFECTS ON FINANCIAL RESULTS

Amarnath. D. G.

Abstract :

 Due to globalization an uniform accounting system is required for better comparison of inter and intra firm performances, common terms to be used in the financial statements for the understanding by various stake holders. On international level IAS and IFRS, in India, Ind GAAP and Ind AS are applied. Though there are 41 standards been used, out of that Ind AS 113 is very pivotal, and it is applicable to all other standards (with some exceptions). The basic objectives of this standard is to i. to evaluate all assets/liabilities under fair value, ii. The methods to find fair value, iii. The disclosures required for fair value. Fair value approach will show the exact present current value of the business. Fair value is a exit price, fair valuation method will not affect the profitability of the firm, but it reveals the market value, hence provides more details for decision making.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Amarnath.D.G., IND AS 113; FAIR VALUE MEASUREMENT AND ITS EFFECTS ON FINANCIAL RESULTS, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : VOLUME-6, ISSUE-12, DECEMBER-2017

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