- This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.
- You must be logged in to reply to this topic.
Instant Poll - Read and post comments:
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Sir, a contingent consideration that is either an asset or liability within the scope of IFRS 9 & IAS 39, how should gains & losses arising from subsequent measurement be accounted for?
Contingent consideration is recorded at its fair value at acquisition, and subsequent changes are recognised through the retained earnings/profit or loss of the subsidiary.