IAS 16

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March 30, 2021 at 2:14 pm #615515
Noah098
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sir as per IAS 16 as revaluation gains held in revolution surplus are transferred to retained earnings upon disposal of the asset-MANDATORILY, right?

while there is CHOICE to transfer any excess depreciation from revaluation reserve to retained earnings?
March 31, 2021 at 12:05 pm #615594
Stephen Widberg
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Reserve transfers are really FR not SBR.

No real reason why annual transfer is ‘optional’ – it’s always been that way – I think most companies do it to keep lawyers happy when calculating distributable profits.
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