- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 16 PPE
Dear Professor,
Is it true that disclosures both ways are required. As in if a company uses revaluation model under IAS 16 PPE then it has to disclose the carrying amount of asset had it been measured using cost model.
And similarly if the entity uses Cost model then it has to disclose the current market value of the asset as in under Revlaution model ?
Many thanks!
I don’t think FV disclosures are required under IAS 16 if using cost model. Guidance: