Revaluation: Difference between revisions
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1. ''Financial reporting''. | 1. ''Financial reporting''. | ||
A reassessment of the value of an item already held | A reassessment of the value of an item already held. | ||
Revaluations can be upward or downward. | |||
Revaluation gains or losses are generally dealt with as part of other comprehensive income. | Revaluation gains or losses are generally dealt with as part of other comprehensive income. | ||
| Line 18: | Line 20: | ||
== See also == | == See also == | ||
* [[Accrued benefit obligation]] | * [[Accrued benefit obligation]] | ||
* [[Cost]] | |||
* [[Currency]] | * [[Currency]] | ||
* [[Devaluation]] | * [[Devaluation]] | ||
* [[Foreign exchange]] | |||
* [[Financial reporting]] | * [[Financial reporting]] | ||
* [[IAS 16]] (Tangible assets - Property, plant and equipment) | |||
* [[IAS 16]] | * [[IAS 38]] (Intangible assets) | ||
* [[IAS 38]] | |||
* [[Impairment]] | * [[Impairment]] | ||
* [[Intangible assets]] | |||
* [[International Financial Reporting Standards]] (IFRS) | * [[International Financial Reporting Standards]] (IFRS) | ||
* [[Other comprehensive income]] (OCI) | * [[Other comprehensive income]] (OCI) | ||
Latest revision as of 05:31, 10 August 2024
1. Financial reporting.
A reassessment of the value of an item already held.
Revaluations can be upward or downward.
Revaluation gains or losses are generally dealt with as part of other comprehensive income.
2. Foreign exchange.
A change in the value of a currency in a fixed exchange rate system, usually resulting in an increase in its value relative to other currencies (contrasted with a devaluation).
3.
Any reassessment of value.
See also
- Accrued benefit obligation
- Cost
- Currency
- Devaluation
- Foreign exchange
- Financial reporting
- IAS 16 (Tangible assets - Property, plant and equipment)
- IAS 38 (Intangible assets)
- Impairment
- Intangible assets
- International Financial Reporting Standards (IFRS)
- Other comprehensive income (OCI)
- Pension fraction
- Pensionable salary
- Remeasurement
- Revaluation model
- Valuation
