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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › PPE basics
John sir why can’t we take impairment loss to OCI directly, even if we don’t have a pre-existing revaluation gain relating to that asset?
I mean when an upwards revaluation can be taken to OCI then why not, a downwards too? I mean why does there needs to be a pre-existing gain in revaluation surplus, before a downward revaluation can be placed in OCI?
This is not examinable in Paper FA 🙂
