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- Topic: IFRS Revaluation and Impairment Reversals
| Author | Topic: IFRS Revaluation and Impairment Reversals |
|---|---|
| Ross806 @2014-06-12 07:27:53 |
Question: These two statements seem contradictory: 1. Any increase in excess of the reversal amount will not be recognised in the income statement but will be recorded directly to equity in revaluation surplus account. 2. IFRS does not permit revaluation to the recoverable amount if the recoverable amount exceeds the previous carrying amount. Can someone explain what I am missing here? Much appreciated. |
CFA Discussion Topic: IFRS Revaluation and Impairment Reversals
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
