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IFRS 5

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 5

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarStephen Widberg.
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  • February 17, 2020 at 3:50 am #562061
    Avatartoushiga
    Participant
    • Topics: 424
    • Replies: 171
    • ☆☆☆☆

    Hello Sir, For discontinued operation?one of the profit or loss presentation is ” post-tax gain or loss recognised in the measurement to fair value less cost to sell or fair value adjustments on the disposal of the assets “.

    If the NCA HFS is carrying at lower of CA and FVLSC, how to recognise the gain for the remeasurement? is it contradict to each other?

    Thank you.

    February 17, 2020 at 2:48 pm #562114
    AvatarStephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3452
    • ☆☆☆☆☆

    In almost all cases this would never happen. As you say, lower of CV and FVCTS.

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