and Equipment (IAS 16) – NBC Institute

FR – Mar/Jul 2020 – L2 – Q5a – Financial Instruments (IAS 32, IFRS 9)

Explains how IFRS requires gains or losses on re-measurement to be dealt with in the financial statements for financial assets held at fair value under IFRS 9 and property, plant, and equipment under the revaluation model of IAS 16.

Question

a. IFRS requires several methods for recognising gains and losses on re-measurement of various types of assets recognised by different International Accounting Standards.
Required:
Explain how IFRS requires gains or losses on re-measurement to be dealt within the financial statements for each of the following type of assets:
i. Financial assets held at fair value under – IFRS 9. (3 Marks)
ii. Property, plant and equipment held under revaluation model of IAS 16
(2 Marks)

Answer

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Tags: Fair Value, Financial Assets, IAS 16, IFRS 9, Revaluation
Level: Level 2

Topic: and Equipment (IAS 16), IFRS 9)
Series: MAR/JULY 2020

Topic: and Equipment (IAS 16)

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FR – Mar/Jul 2020 – L2 – Q5a – Financial Instruments (IAS 32, IFRS 9)

Explains how IFRS requires gains or losses on re-measurement to be dealt with in the financial statements for financial assets held at fair value under IFRS 9 and property, plant, and equipment under the revaluation model of IAS 16.

FR – Mar/Jul 2020 – L2 – Q5a – Financial Instruments (IAS 32, IFRS 9)

Explains how IFRS requires gains or losses on re-measurement to be dealt with in the financial statements for financial assets held at fair value under IFRS 9 and property, plant, and equipment under the revaluation model of IAS 16.

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Topic: and Equipment (IAS 16)

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FR – Mar/Jul 2020 – L2 – Q5a – Financial Instruments (IAS 32, IFRS 9)

Explains how IFRS requires gains or losses on re-measurement to be dealt with in the financial statements for financial assets held at fair value under IFRS 9 and property, plant, and equipment under the revaluation model of IAS 16.

You're reporting an error for "FR – Mar/Jul 2020 – L2 – Q5a – Financial Instruments (IAS 32, IFRS 9)"

FR – Mar/Jul 2020 – L2 – Q5a – Financial Instruments (IAS 32, IFRS 9)

Explains how IFRS requires gains or losses on re-measurement to be dealt with in the financial statements for financial assets held at fair value under IFRS 9 and property, plant, and equipment under the revaluation model of IAS 16.

You're reporting an error for "FR – Mar/Jul 2020 – L2 – Q5a – Financial Instruments (IAS 32, IFRS 9)"

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