ACCA FA2 - F3 - FFA | Accounting Treatment for Revaluation of Non-Current Assets Under IAS-16

[@emmanuelmwesigye6519]

Thanks so much. You have explained revaluation so we'll.

[@VertexLearningSolutionsLLC]

Thanks.

[@EstherAnike-lq5zs]

This is very insightful

[@VertexLearningSolutionsLLC]

Thanks. Please like and share.

[@omario4823]

Thank you so very much for the simple but insightful explanation. It was like watching a short film. Will you kindly do a video on accounting for reversal of revaluation

[@VertexLearningSolutionsLLC]

Thanks for the feedback. Watch impairment lectures in F7

[@FarheenZehra-kp3ve]

Sir You said that revaluation gain is unrealized, it is not in money form then how can we debit revaluation surplus by 3571 and credit retained earning by 3571. Sir I am really confused about it kindly guide me

[@VertexLearningSolutionsLLC]

Hi. This should not create problems. Although this is unrealized but the thing is that you charged more depreciation in PnL ... depreciation is non cash expense, this means that expense you charged but the cash remains in business. So whatever extra depreciation you charged due to revaluation the same amount is available in cash and this you can credit to retained earnings