How many input levels does AASB 13/IFRS 13 Fair Value Measurement identify for the inputs to the valuation techniques?
A) 2
B) 6
C) 4
D) 3

Question

Quizplus · Accepted Answer

AASB 13/IFRS 13 Fair Value Measurement identifies three input levels for the inputs to valuation techniques: Level 1 inputs are quoted prices in active markets for identical assets or liabilities; Level 2 inputs are observable market data (other than Level 1) for the asset or liability, either directly or indirectly; and Level 3 inputs are unobservable data that reflect the entity's own assumptions about what market participants would use when pricing the asset or liability.

How Many Input Levels Does AASB 13/IFRS 13 Fair Value