IFRS 13 is an International Financial Reporting Standard that provides guidance on how to measure fair value and requires disclosures about fair value measurements. It establishes a framework for measuring fair value in financial reporting, ensuring consistency and comparability across different entities and industries. By defining fair value, IFRS 13 impacts how organizations report their assets and liabilities, especially in the context of market volatility and emerging technologies like digital assets and cryptocurrencies.
congrats on reading the definition of IFRS 13. now let's actually learn it.