AS40

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
May 24, 2019 at 5:23 pm #517185
aliahmed1994
Member
- Topics: 38
- Replies: 51
Hi Chris,
when we transfer the asset from IAS 2 to IAS 40 we revalue it, and the gains and losses goes to PNL, but in OCI there is no need to adjust it right??
May 24, 2019 at 7:42 pm #517208
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

Yes, the standard states that the difference is recognised through profit or loss, so we do not need to adjust OCI.

Thanks
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.