- This topic has 3 replies, 3 voices, and was last updated 2 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Current assets impairment
Hello Sir,
Is there any chance that the current assets can be impaired or never,
Thanks,
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.
Yes, as well as inventory, other current assets such as receivables (financial assets) will be covered by their relevant standard (IAS39/IFRS9).