Wow, it's the opposite of what I picked out. That means to say, under IFRS liability is NOT measured at PV at all.
I have this note somewhere about FV. I listed down all the items that are recorded under FV while gleaning over my entire FAR book.
FAIR VALUE [FV]
SCRAPPED
S – Stock Dividend / Small Dividend, 20-25% of outstanding capital stock
S – SIA [Split Interest Agreements] contributions should be measured at their FV at the date of acquisition
C – Compensatory Stock Options
C – Compensation costs for share-based payments
R – Revalued intangible assets are reported at FV on the revaluation date less subsequent amortization and impairment
A – Adjustmetnts of quasi-reorganization => assets are restated at FV
P – Property Dividends
P – Personal Statement of Financial Position => Assets are reported in a personal SFP at estimated current FMV
P – Plan Assets for subsidiary (Consolidated FS)
E – EHCS [Exchanges Having Commercial Substance]
D – Donated FAs [Fixed Assets] are recorded at FV at a gain
—
FILING
F – FV Option can be applied to the following:
……. W – Warranties that can be settled by paying a third party
…….. H – HTM
…….. N – LTNP
I – Investments => Transfer of MS either from TS to AFS or AFS to TS, FV is the new basis
L – LAIDA of Push Accounting
…….. L – Liability
…….. A – Assets
…….. I – Interest Expense
…….. D – Depreciation
…….. A – Amortization
I -Investment property is reported at FV and is not depreciated
N – NPFO – Investments are recorded and measured at FMV and G/L will be allocated at Unrestricted, Temporarily, & Permanently Restricted Net Assets
N – NAA => When the acquisition price exceeds the FV of Net Assets Acquired, A + L should be presented at FV
G – Government Derivatives
.