Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Fair value
- This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
- AuthorPosts
- April 14, 2014 at 9:32 am #165249
Hi mr mike
In my answer in revision kit
Increase and loss of fair value of investments in equity
He somtimes record it in profit or loss statement and add it with investment income . And somtimes record it in OCI and record it in SOFP in reserve surplus .
Please why this differntThanks
April 14, 2014 at 9:54 pm #165289It all depends on how the examiner has described the investment within the question.
If he has indicated that the asset is held at “fair value through profit and loss” then the movement in that asset goes through profit and loss account
If, alternatively, he has described it as held at “fair value through comprehensive income” then, guess what! the movement should be reflected in statement of comprehensive income
Does that do it for you? If not, post again
April 15, 2014 at 9:33 pm #165391This mr mike for investment only or also non current assets revaluation
April 16, 2014 at 6:25 am #165408Non-current asset revaluations go through comprehensive income (unless previously impaired, in which case they go through profit and loss to “undo” the impairment)
- AuthorPosts
- You must be logged in to reply to this topic.