AuthorTopic: 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

To post a new topic or reply to a topic, please log in or register for a free user account.

Thanks again for your wonderful site ... it definitely made the difference.
Craig Baugh

Craig Baugh