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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 16 and IAS 38
sir is that write that IAS 38 and IAS 16 still require the economic benefits from the assets to be “probable”?
And that only from conceptual framework 2018 the word probability has been removed.
The point is that the conceptual framework is inconsistent with certain accounting standards. As you know, standards take priority.
But you’ve raised a good point which has heavily tested over the last few years.