Applicable companies must implement IFRS rule for next reporting period

04/12/2013 |

Guidance on measuring an asset's fair value went into effect Jan. 1. International Financial Reporting Standard No. 13 applies to any company that must disclose fair-value measurement for mergers and acquisitions, asset impairment or activity involving investment entities. The measure is meant to aid investors in analyzing corporate assets in accordance with generally accepted accounting principles.

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