Mark-to-market Accounting - IFRS 13

IFRS 13

IFRS 13, Fair Value Measurement, was adopted by the International Accounting Standards Board on May 12, 2011. IFRS 13 provides guidance for how to perform fair value measurement under International Financial Reporting Standards and takes effect on January 1, 2013. It does not provide guidance as to when fair value should be used. The guidance is similar to the US GAAP guidance.