AASB 13 - Fair Value Measurement - September 2011
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Accounting Standard AASB 13 Fair Value Measurement as amended
This compiled Standard applies to annual reporting periods beginning on or after 1 January 2018. It takes into account amendments up to and including 8 July 2015 and was prepared on 6 June 2016 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Accounting Standard made by the AASB. Instead, it is a representation of AASB 13 (September 2011) as amended by other Accounting Standards, which are listed in the Table below.
Table of Standards
| Standard | Date made | Application date(annual reporting periods … on or after …) | Application, saving or transitional provisions |
|---|---|---|---|
| AASB 13 | 2 Sep 2011 | (beginning) 1 Jan 2013 | see (a) below |
| AASB 2012-1 | 21 Mar 2012 | (beginning) 1 Jul 2013 | see (b) below |
| AASB 2012-10 | 18 Dec 2012 | (beginning) 1 Jan 2013 | see (a) below |
| AASB 2014-1 | 4 Jun 2014 | Pt A (beginning) 1 Jul 2014Pt C (beginning) 1 Jul 2014 | see (c) belowsee (d) below |
| AASB 2014-7 | 17 Dec 2014 | (beginning) 1 Jan 2018 | see (e) below |
| AASB 2015-7 | 8 July 2015 | (beginning) 1 Jul 2016 | see (f) below |
(a) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2013.
(b) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 July 2009 but before 1 July 2013, provided that AASB 1053 Application of Tiers of Australian Accounting Standards, AASB 13 Fair Value Measurement and AASB 2011-8 Amendments to Australian Accounting Standards arising from AASB 13 are also applied to such periods.
(c) Entities may elect to apply Part A of this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 July 2014.
(d) Entities may elect to apply Part C of this Standard to annual reporting periods beginning on or after 1 January 2014 but before 1 July 2014.
(e) Entities may elect to apply this Standard to annual reporting periods beginning on or after 24 July 2014 but before 1 January 2018, provided that AASB 9 Financial Instruments (2014) is also applied to such periods.