Fair value measurement: The Standard defines fair value as “the price that would be received to sell an asset or paid to transfer a liability in a transaction ordered between market participants on the valuation date. ". This is sometimes called "exit pricing."(ACAC13)IFRS 13IFRS 13, Fair Value Measurement, was adopted by the International Accounting Standard Board on May 12, 2011. IFRS 13 provides guidance on how to perform the fair value measurement under IFRS. and comes into force on January 1, 2013 (IFRS 13). It does not provide guidance on when fair value should be used (IFRS 13). The guidelines are similar to the US GAAP guidelines. Fair value means the amount agreed upon by the parties to present it in simple terms. Why fair value? Previously, organizations used historical cost accounting, which shows the value of assets and liabilities as of the date of acquisition. But as we discussed earlier, it was not accurate data or it is impossible to find accurate financial statements based on historical cost. After May 12, 2011, IFRS introduced fair value measurement (IFRS 13). Which indicated the fair value. Thanks to this organization, it can obtain precise figures in its financial statements. This essay includes three examples below.1) ARB CORPORATION LIMITED Business Summary: ARB Corporation Limited (ARP) designs, manufactures, distributes and sells four-wheel drive vehicle accessories and lightweight metals. engineering works with manufacturing plants in Victoria, Australia and Rayong, Thailand. ARP has a warehouse and sales center located in Australia, Thailand and the United States, as well as distributors in over 100 countries around the world.Annual Report Analysis:According to the 2013 Annual Report of the company, the financial report has been prepared...... the paper consideration is classified in equity, it is not revalued and the settlement is recognized in equity. Otherwise, subsequent variations in the fair value of the contingent consideration are recognized in profit or loss. The carrying amounts of financial assets and liabilities approximate their fair value due to their relatively short-term nature. (cardno limited, 2013)CONCLUSION:In conclusion, according to IFRS 13, it can be said that fair value measurement is one of the precise accounting evaluations. Other measures are also available, but fair value measurement is trustworthy and complies with international standards. As this essay includes three examples from different types of industries like an infrastructure and environmental services company, an investment company, and a manufacturer. This can be said to be a widely used measure.