- This topic has 1 reply, 2 voices, and was last updated 1 year ago by
John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
New! Lectures for ACCA AAA September 2022 Exams are now available >>
New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>
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 🙂