• 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
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

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

OP NOTES, Chapter 9 NCA, Example 2 – Revaluation decrease

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › OP NOTES, Chapter 9 NCA, Example 2 – Revaluation decrease

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 23, 2020 at 9:26 am #577732
    Agata
    Participant
    • Topics: 15
    • Replies: 4
    • ☆

    Hello,
    Not clear on the double entry for the reval. decrease.
    Is it: CR asset 4250, DR: Equity Reval Reserves 3850 DR P&L Impairemnt Lesses: 400?
    In the answer it is SOCI Impairemnt 400 and Impairemnt 3850. How then we Reverse balance on revaluation Revserve of 3850? Is this amount recognized in OCI and then DR to reserves?
    Thank you:)

    PS. I belive there is error in Chapter on Consolidated Statemnt of Cash flows, answer eg 4, Cash generated from operations does not sum up to 501 but 447.

    July 24, 2020 at 7:19 am #577806
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    As far as double entry goes we would debit revaluation reserve and credit retained earnings

    The three 850 would also be reported in OCI. Strictly speaking OCI is not part of the double entry

    Thank you for pointing out the cash flow error

  • 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

  • AdityaSairam on Overcapitalisation and Overtrading – ACCA Financial Management (FM)
  • verweijlisa on Financial performance – Example 2 – ACCA Financial Reporting (FR)
  • John Moffat on Linear Programming – Spare capacity and Shadow prices – ACCA Performance Management (PM)
  • John Moffat on The Statement of Financial Position and Income Statement (part d)
  • Salexy on Linear Programming – Spare capacity and Shadow prices – ACCA Performance Management (PM)

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