06-09-2011, 01:03 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by imdad1</i>
<br />Agreed with Kamran bhai..i cross checked Para 25 of IFRS 7 and also para 29 of the same..as per my understanding if fair value can be measured it should be disclosed...
here my question is if it is really the requiremene of IFRS than y practically neighter we disclose its fairvalue nor do we disclose the fact that the fair value cannnot be measure ???
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I think fair values are disclosed for financial assets carried at amortized cost in financial statements that I have gone through of different groups or atleast I have also seen disclosure like 'fair value approximates to carrying amount'.
Can you quote any listed company's latest financial statements where such disclosure is not given?
<br />Agreed with Kamran bhai..i cross checked Para 25 of IFRS 7 and also para 29 of the same..as per my understanding if fair value can be measured it should be disclosed...
here my question is if it is really the requiremene of IFRS than y practically neighter we disclose its fairvalue nor do we disclose the fact that the fair value cannnot be measure ???
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I think fair values are disclosed for financial assets carried at amortized cost in financial statements that I have gone through of different groups or atleast I have also seen disclosure like 'fair value approximates to carrying amount'.
Can you quote any listed company's latest financial statements where such disclosure is not given?
