Why Ind AS 113 Exists | Logic Behind Fair Value | CA Final FR | Understand Once, Remember Forever

Why Ind AS 113 Exists If almost every Ind AS talks about Fair Value, why do we need a separate standard called Ind AS 113? Think about it... 🔹 Ind AS 16 – Revaluation Model 🔹 Ind AS 38 – Intangible Assets 🔹 Ind AS 41 – Agriculture 🔹 Ind AS 40 – Fair Value Disclosure 🔹 Ind AS 105 – Non-current Assets Held for Sale 🔹 Ind AS 109 – FVTPL & FVOCI 🔹 Ind AS 103 – Business Combinations All these standards use Fair Value. So, who tells us how Fair Value should actually be determined? That's exactly why Ind AS 113 exists. In this video, CA Sudarshan Agrawal explains the purpose of Ind AS 113 from first principles—so you understand why the standard exists before learning what it says. Because once the logic is clear, the provisions become much easier to remember and apply in the exam. At Sudarshan Agrawal Classes, we don't just teach standards. We help you understand the thinking behind them. Concepts First. Exams Follow. Start your FREE 2 Week Demo today. 📞 / 🌐 #CAFinal #FinancialReporting #CAFinalFR #FR #IndAS #CAStudents #CharteredAccountant #ICAI #Accounting #FinancialInstruments #Consolidation #BusinessCombinations #CAExam #CAFinal2026 #CAFinal2027 #SudarshanAgrawalClasses #LearnWithConcepts #TeachingExcellence #ProfessionalEducation #FinanceProfessionals