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of <h1>Ind AS 113: Framework for Fair Value Measurement, Valuation Techniques, and Disclosure Requirements for Financial Statements.</h1> Ind AS 113 establishes a framework for measuring fair value, defining it as the price to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. It emphasizes the use of market-based measurements rather than entity-specific ones. The standard outlines valuation techniques, including market, cost, and income approaches, and introduces a fair value hierarchy categorizing inputs into three levels: Level 1 (quoted prices), Level 2 (observable inputs), and Level 3 (unobservable inputs). Ind AS 113 requires disclosures on fair value measurements, focusing on the techniques and inputs used, and the impact on financial statements. It excludes certain transactions, such as share-based payments and leases, from its scope.
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