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IAS 16 and IAS 38

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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May 29, 2021 at 10:06 am #622148
Noah098
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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.
May 29, 2021 at 5:56 pm #622219
Stephen Widberg
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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.
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