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IAS 16 – flow of future economic benefit?

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › IAS 16 – flow of future economic benefit?

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • July 21, 2014 at 12:03 am #179251
    ALEE
    Member
    • Topics: 3
    • Replies: 3
    • ☆

    IAS 16
    Standard state that recognition criteria of assets is the flow of future economic benefit to entity, my question is, when its come to future there is uncertainty, so why standard don`t have any aspect which cover this expect of uncertainty.?

    July 21, 2014 at 2:49 pm #179293
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Give me a suggestion as to how you could change the categorisation of an asset based on your uncertainty of future economic benefit.

    I’m intrigued!

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