Hello Sir,
Is there any chance that the current assets can be impaired or never,
Thanks,
Ask the Tutor ACCA FR
Current assets impairment
No current assets are impaired according to their relevant standards like inventory IAS-2 so there is a rule of lower of cost or NRV
Thanks for clearing the point.
5y ago#3Yes, as well as inventory, other current assets such as receivables (financial assets) will be covered by their relevant standard (IAS39/IFRS9).
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