• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

September 2025 ACCA Exam results

Post comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

Impairment Transferred to SOPL instead of revaluation surplus.(SBR)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Impairment Transferred to SOPL instead of revaluation surplus.(SBR)

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 1, 2023 at 11:33 am #687544
    varunvenkatasubramani
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hi,

    The query relates to (SBR) chapter number 11( NCA held for sale), in example 1(Namibia) there is a revaluation surplus of 1500 on 30 April and also an impairment on the same date as the asset is reclassified to held for sale. Why are we not reducing the revaluation surplus and instead recognizing the impairment in the profit and loss?

    Thanks in advance.

    July 2, 2023 at 7:24 am #687556
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3431
    • ☆☆☆☆☆

    IFRS 5 requires a 2 step approach.

    Step 1 – Revalue with gain to OCI
    Step 2 – compare new CA with FVCTS – loss to P&L

    Impact is that selling costs always go to P&L

    Identical treatment to sale of financial assets (equities) where there has been an election to treat as FVOCI

    But a difficult rule!

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • hellokitty7 on FA Chapter 4 Questions Accruals and Prepayments
  • barbaraseweryn on Presentation of Financial Statements (IFRS18) – ACCA Strategic Business Reporting (SBR) lectures
  • zurapirveli@gmail.com on Basic group structures – Impairment – ACCA (SBR) lectures
  • Sid24012003 on MA Chapter 5 Questions Ordering and Accounting for Inventory
  • John Moffat on FM Chapter 8 Questions – Relevant cash flows for DCF

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in