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IAS 36 Impairment of assets [disclosures required]

Forums › Ask CIMA Tutor Forums › Ask CIMA F1 Tutor Forums › IAS 36 Impairment of assets [disclosures required]

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • December 3, 2019 at 11:01 am #554615
    shadyplayscr7
    Member
    • Topics: 19
    • Replies: 25
    • ☆

    So the Ias 36 disclosures state-
    For each class of plant and equipement:
    1) “The amount of impairment losses recognised direclty in equity during the period”
    I dont understand how losses are recognised in equity direcly, the first two
    disclorures state. Losses im p/l and and revarsal in p/l. Do they mean impairment losses directly to revaluation reserve??

    2) “The amount of reversals of impairment losses recognised directly in equity during period.

    It will be very helpful if you could explain this to me with an example.

    December 13, 2019 at 10:03 pm #555884
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7142
    • ☆☆☆☆☆

    Hi,

    It is essentially saying that you need to disclose the losses that have gone through profit or loss, and those that have gone through OCI.

    Thanks

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