Level I CFA: Long Lived Assets Lecture 4 

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Remember gains do not flow through the income statement they go straight to equity and are recorded under revaluation surpluses….Whereas loses that take us below the original cost are shown in income statement as loss

Thanks that helps a lot 👍🏻

In the written down method of calculation in inventory chapter ,we have studied that if the revaluation amount goes above the asset value then the maximum that can be taken is the asset value that is even if the amount is more than the asset value we cannot go beyond as it values price . Example- if the asset value is hundred and the price goes down by 50 and if the revaluation again happens in the next quarter and price goes to 120 after revaluation ,then, the maximum price that can be taken is hundred and not 120 because the initial price was 100.But here in the example where the revaluation value goes above the set value the above higher value is considered. Why?

Sir in the example 2 at the end of year 2 the asset in the balance sheet will be shown at which amount

Hi on 3:50 is OCI?

Carrying value ~1000 Assets future undiscounted cf- 1050 No imparement Assets f u cf - 950 Impaired value -50

You didnt say "... that is all" otherwise thanks

what are the other sources we could practice questions from ..?? kindly reply....

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Sir, at time stamp 6:01 in scenario 2 the value of the asset from 10 k went down to 8k in 1st year and then went up to12k in 2nd year, how can we revalue more than 10k? As explained, In IFRS we can only revalue back up to the original amount? which is 10k, pls help to understand.

At time stamp 5.45, where the value of the asset went down to 8K from 10 k in period 1 and again to 12k in period 2, the loss in period 1 is reversed in period 2. How are we going to treat the loss in equity through retained earnings in period 1? Please help me understand!!

sir does all the videos here present syllabus for 2020 exam

Sir difference between revaluation and impairment of assets