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IAS 16 and IAS 40 Bearer Plants since June

Forums › Other Accountancy Qualifications Forums › IAS 16 and IAS 40 Bearer Plants since June

  • This topic has 0 replies, 1 voice, and was last updated 11 years ago by AvatarTImo.
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  • October 21, 2014 at 6:02 am #205188
    AvatarTImo
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hey Guys,

    i am not quite sure if that is the correct forum, but i will try.

    In accordance to the change for accounting for bearer plants since June, i would like to know what are the advantages or disadvantages for companies to use the revaluation model or the cost model. Which figures on Financial Statements would be changed, if they would decide to change to the cost model?

    Thanks in advance for your help 🙂

    Cheers Timo

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