This section allows cross-market comparisons.
Glossary Definition
Fair-Value Accounting Standard

Code of practice that adheres to the "fair-valuation" principle. The fair value of an asset is the amount at which that asset could be bought or sold in the current market between willing parties, other than in liquidation. The fair value of a liability is the amount at which that liability could be incurred or settled in the current market between willing parties, other than in liquidation. Quoted market price in an active market is the best evidence of fair value and is used as the basis for measurement.