Valuation for financial reporting purposes is the process of measurement of the value of assets and liabilities in accordance with International Financial Reporting Standards (IFRS). The basis of valuation in such cases is the fair value of assets.
Why it is important?
Valuation for IFRS Reporting purposes is a complex process that requires knowledge and experience. It is important to involve qualified experts to conduct a valuation and ensure the reliability and transparency of financial reporting.
The valuation is carried out by the regulations and requirements of IFRS:
IFRS 1 First-time Adoption of International Financial Reporting Standards
IFRS 3 Business Combinations
IFRS 9 Financial Instruments
IFRS 13 Fair Value Measurement
IAS 16 Property, Plant and Equipment
IAS 36 Impairment of Assets
IAS 38 Intangible Assets
IAS 40 Investment property
