Tantangan untuk pembuat standar

FASB / IASB berniat untuk mengatasi masalah

pengukuran dalam Tahap C dari proyek kerangka
konseptual
pertimbangkan konsep pengukuran, prinsip dan istilah
mengevaluasi dan memberi peringkat pada metode
pengukuran
karakteristik kualitatif

Which measurement model?

Fair value is the frontrunner
Both the IASB and FASB support greater use of fair value
measurement

How to calculate fair value

measurement?
Various valuation techniques to calculate fair value
the market approach
observable prices
actual transaction data

the income approach

conversion of future amounts - cash flows or earnings to a single
discounted present amount

the cost approach

the amount that currently would be required to replace its service capacity
(current replacement cost)

The valuation must emphasise market inputs

assumptions and data that market participants would use in their
estimates of fair value

How to calculate fair value

measurement
Three hierarchical levels for the inputs
Level 1 quoted prices for identical items in active markets,
without adjustment
Level 2 quoted prices for similar items in active markets,
adjusted as appropriate for differences
Level 3 estimated fair value using multiple valuation
techniques consistent with the market, income and cost
approaches