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measurement

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › measurement

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • September 12, 2020 at 4:03 pm #585354
    mkfatima
    Member
    • Topics: 19
    • Replies: 3
    • ☆

    hi
    sir , i have one question to check my concept is clear here or not

    – Fair value- it is market value in which supplier and customer agreed to buy and sell-
    -value in use: the value in use is cost of impairment asset or damaged asset that is cost of asset disposal asset , also called recoverable cost
    -current cost: it is NBV , cost – deprecation which is also called replacement cost OR it is cost market based estimation … how much it can be bought or sold in market in current situation ?? i am confused here

    September 12, 2020 at 5:29 pm #585372
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    If you are taking Paper FA, then what you are asking is not relevant for this exam. The Conceptual Framework which deals with this (apart from value in use which is a term no longer used) is not examinable until Paper FR.

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