I have the online SBR BPP practice and revision kit for exam September 20 – June 21. I am sitting the December 21 exam. Is the above kit going to be okay to use? Providing that I look at up to date current issues question? or will I be missing other changes in other areas?Thank you :).
When we doing the other comprehensive income part , Gain on non current assets revaluations are classified under “items that will not be reclassified to profit or loss”
But practically when the non current assets were sold, eventually the revaluation gain will be adjusted in to P&L.
So why The standard asks to classify this under “items that will not be reclassified to profit or loss” section ?
The gain on the revaluation is not reclassified through profit or loss. On its ultimate disposal the gain is transferred to retained earnings in the SOCIE.
Hii Sir,
Is this video applicable for September 2024 sitting ?
As there many of the things changed
I also have the same query.
please respond to this message. and thank you for all the wonderful videos in here as it quite helpful.
I also have the same query is this relevant to 2025 March sitting ?
Thanks
Great, thank you, Sir
best lecturer ever
hi i noticed that the notes for SBR from this chapter is a bit different, is this video still relevant for 2022 sitting?
thanks
I have the online SBR BPP practice and revision kit for exam September 20 – June 21. I am sitting the December 21 exam. Is the above kit going to be okay to use? Providing that I look at up to date current issues question? or will I be missing other changes in other areas?Thank you :).
Thanks
Dear Sir
When we doing the other comprehensive income part , Gain on non current assets revaluations are classified under “items that will not be reclassified to profit or loss”
But practically when the non current assets were sold, eventually the revaluation gain will be adjusted in to P&L.
So why The standard asks to classify this under “items that will not be reclassified to profit or loss” section ?
Thanks
Hi,
The gain on the revaluation is not reclassified through profit or loss. On its ultimate disposal the gain is transferred to retained earnings in the SOCIE.
Thanks
detailed, logical and inspiring!