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1		MAMMAIFRS: Mixed-Attribute Measurement Model for Assets under IFRS
3		"I was struck by the multitude of measurement techniques that both IFRSs and US GAAP prescribe, from historic cost, through value-in-use, to fair value and many shades in between. In all, our standards employ about 20 variants based on historic cost or current value.....Still, the multitude of measurement techniques indicates that accounting standard-setters often struggle to find a clear answer to the question of how an asset or liability should be valued."
4		Hans Hoogervorst, Chairman IASB, June 20, 2012.
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7		MAMMAIFRS is a teaching/learning tool that provides an overview of the mixed-attribute approach used by IFRS to measure assets. Its primary target audience is intermediate level accounting students who face the challenge of learning and synthesizing a growing and sometimes complex body of financial reporting knowledge. MAMMAIFRS should be used as a supplement to, and not as a replacement for IFRS, textbooks, or other authoritative sources.
9		The drop-down list on the MAMMA screen allows users to quickly identify the measurement attributes at acquisition and post-acquisition for any asset type. Impairment loss and reversal approaches for the asset type are also presented.
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11		Please send any suggestions for improvements etc. to:
12		conheady@telfer.uottawa.ca
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14		This learning-application contains copyright material of the IFRS® Foundation in respect of which all rights are reserved. Reproduction and use rights are strictly limited. Please contact the IFRS Foundation for further details at permissions@ifrs.org<mailto:licences@ifrs.org>. Copies of IASB® publications may be obtained from the IFRS Foundation’s Publications Department. Please address publication and copyright matters to publications@ifrs.org<mailto:publications@ifrs.org> or visit our webshop at http://shop.ifrs.org.
15		Disclaimer: To the extent permitted by applicable law, the Board and the IFRS Foundation expressly disclaim all liability howsoever arising from this publication or any translation thereof whether in contract, tort or otherwise to any person in respect of any claims or losses of any nature including direct, indirect, incidental or consequential loss, punitive damages, penalties or costs. Information contained in this publication does not constitute advice and should not be substituted for the services of an appropriately qualified professional.
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