Concept:
For a matrix of order $2\times2$:
\[
A=
\begin{bmatrix}
a & b \\
c & d
\end{bmatrix}
\]
its determinant is:
\[
|A|=ad-bc
\]
This is one of the most fundamental formulas in matrices and determinants.
Step 1: Identify the matrix elements.
Given:
\[
A=
\begin{bmatrix}
1 & 2 \\
3 & 4
\end{bmatrix}
\]
Comparing with the standard form:
\[
a=1,\qquad b=2,\qquad c=3,\qquad d=4
\]
Step 2: Apply the determinant formula.
Using:
\[
|A|=ad-bc
\]
Substitute the values:
\[
|A|=(1)(4)-(2)(3)
\]
\[
|A|=4-6
\]
\[
|A|=-2
\]
Therefore,
\[
\boxed{-2}
\]