Current assets impairmentForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Current assets impairmentThis topic has 3 replies, 3 voices, and was last updated 4 years ago by P2-D2.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts June 15, 2021 at 8:16 pm #625361 alawi sayedParticipantTopics: 301Replies: 352☆☆☆☆Hello Sir,Is there any chance that the current assets can be impaired or never,Thanks, June 18, 2021 at 6:43 am #625415 usamasafdarMemberTopics: 0Replies: 1☆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 June 18, 2021 at 7:51 pm #625725 alawi sayedParticipantTopics: 301Replies: 352☆☆☆☆Thanks for clearing the point. June 19, 2021 at 7:55 am #625774 P2-D2KeymasterTopics: 4Replies: 7172☆☆☆☆☆Yes, as well as inventory, other current assets such as receivables (financial assets) will be covered by their relevant standard (IAS39/IFRS9).AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In