Revaluation model + example under IAS 16 (IFRS Kit lecture)
What is revaluation model under IAS 16 and how to apply it? Learn it with the illustrative example solved in Excel.
This is the lecture from the IFRS Kit. If you would like to get more lectures like this, please check www.cpdbox.com/ifrs-kit/
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Пікірлер: 34
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Done rewatching this has been very helpful to my education GOD BLESS YOU!
Thank you for providing an example it has deepened my understanding of the PPE’s revaluation model.
Thank you so much, Ma'am Silvia for this very informative video. I found it super easy-to-understand. God bless!
Thanks a lot for this video, madam Silvia! It helped me understand the revaluation model for PPE.
Thank you for this informative video, ma'am! Very helpful in understanding the revaluation model for Property, Plant and Equipment.
Thank you Silvia! This will help a lot when explaining how fixed asset revaluation works in SAP S4HANA to my audience. One small note: please move the ending screen card to the right corner of the video so we can see the explanation of the last part :)
Thank you once again for this video material!
Well explained. Thank you!
Thank you Maam for this video about revaluation, another informative vidro done!
Madam, Can you explain about Testing cost on Property pland and Equipment ? Is that Accounting in different way now ?
Very useful, thank you Silvia so much. I wish you enable the capturing wizard to read what you say . 💐
Thanks for the video Silvia. I have a question about this. Did the final year with decrease in carrying value, do we need another entry for depreciation as well? Thanks
@CPDbox
2 жыл бұрын
Not in that year, if you did the revaluation at the end of the reporting period. You do depreciation charge subsequently after making the change.
What about old accumulated dep 100,000? Shoud we reversed accumulated ?
Sorry for asking, when the fair value of the PPE is less than the carrying amount, the debit side of the entry should it be OCI rather than PnL?
@CPDbox
3 ай бұрын
No, it is profit in loss, unless there was some revaluation surplus in OCI from previous reporting periods - in that case, you would bring that down to zero and the rest in profit or loss.
@YUTIANSHENJukTimShum
2 ай бұрын
@@CPDbox thank you so much for clarify!
Thanks for the video Silvia It would be of great help if you could explain IFRIC 12 Service Concession Agreements My exams are coming up real soon
@CPDbox
2 жыл бұрын
Thank you for your suggestion and good luck with exams!
hi would you be able to make a video going through a real question and do a full consolidation, FS for a listed company and a cash flow statment ? thanks you as ive got an exam coming up
@CPDbox
2 жыл бұрын
Well, I have done basic videos on consolidation, they are published on this channel: kzread.info/dash/bejne/l6enmbeCc6yXZ9o.html (how to consolidate), how to make a cash flow statement kzread.info/dash/bejne/laOrudebiNfgfLA.html. I hope those help!
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hi Silvia, thx for the great video. Why are you booking the difference between depreciation and original depreciation against retained earnings? Why is this booking needed in general?
I need the Excel sheet if i can get it
Thanks
@aliliakot347
Жыл бұрын
I want to a ifrs kit vedio with example and excel copy. How can i got it? How much cost this project?
Thanks for the video . from algeria
Thank you
I am lost here. I thought if we calculate carrying amount of the asset at the end of 20x5 and compare it to the fair value and record surplus or loss from there onwards we will be using fair value model meaning we do not need to divide the fair value of 550 000 by the remaining useful life of 25 years. We will just compare 550 000 to 350 000 in the following year. Why should we devide fair value ....550 000 remaining useful life of 25 years?
@CPDbox
Ай бұрын
You are describing fair value model (IAS 40), not revaluation model (IAS 16) as this example. Under revaluation model, you revalue to the fair value only time-to-time (every 3-5 years) and then you do actually charge depreciation. Under fair value model applicable to investment property, you revalue to the fair value each year and then NO depreciation is charged.
Thanks a lot. Adv closes view at the end of video ((
@CPDbox
11 ай бұрын
Ahhh, sorry...
thanks