IFRS 9 Financial Instruments IFRS 9 is complicated. But it doesn’t have to be… Join us as we simplify the standard and work through principles practically so that we can bust the myth that IFRS 9 is complicated. Break down IFRS 9 to help professionals better understand what is required of them when accounting for financial instrument transactions and preparation of financial statements, thereby overcoming the fear and uncertainty that IFRS 9 brings. IFRS 13 Fair Value Measurement IFRS 13 is never used on its own. Other standards may permit/require the use of a fair value to measure an asset or liability, and the procedure to follow in terms of where a fair value can be obtained from is contained within IFRS 13. Fair value is a market-based measurement, not an entity-specific measurement. The objective of fair value measurement is to estimate the price at which an orderly transaction to sell the asset or to transfer the liability would take place between market participants at the measurement date under current market conditions.