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IAS 41

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 41

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 22, 2015 at 6:24 am #247821
    Green Activist
    Member
    • Topics: 22
    • Replies: 18
    • ☆

    Biological assets are initially measured at fair value less estimated “point of sale” costs,
    What are point of sale costs?

    May 22, 2015 at 6:41 am #247828
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23329
    • ☆☆☆☆☆

    Point of sale costs could include (if applicable) costs such as delivery costs, item preparation costs, packaging costs, sales person’s commission ……. and other items like that.

    You’ll have to use your imagination (again!)

    May 22, 2015 at 6:47 am #247829
    Green Activist
    Member
    • Topics: 22
    • Replies: 18
    • ☆

    Can i say tthere is no difference between ‘costs to sell’ and ‘point of sale costs’?

    May 22, 2015 at 7:46 am #247857
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23329
    • ☆☆☆☆☆

    Yes, I think that’s fair

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