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Current assets impairment

This topic has 3 replies, 3 voices, and was last updated 1 year ago by P2-D2.

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June 15, 2021 at 8:16 pm #625361
alawi sayed
Participant
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Hello Sir,
Is there any chance that the current assets can be impaired or never,
Thanks,
June 18, 2021 at 6:43 am #625415
usamasafdar
Member
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- Replies: 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 sayed
Participant
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Thanks for clearing the point.
June 19, 2021 at 7:55 am #625774
P2-D2
Keymaster
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Yes, 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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