Exchange and Recoverable amount: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
m (Add category.)
 
imported>Doug Williamson
(Expand definition.)
 
Line 1: Line 1:
1. ''Investment - trading.''
''Financial reporting - impairment''


An exchange is an open and organised marketplace in which commodities, securities or other financial instruments are traded.
The higher of fair value less costs of disposal and value in use.




2. ''Foreign currency.''
Recoverable amount is a figure that recognises we have a choice about what to do with an asset.


Relating to transactions between different currencies.
We can either:


(1) Sell it; or
(2) Carrying on using it.
Rationally, we would always make the choice that results in the greater value for the business.


3. ''Financial and commercial transactions.''


Relating to a two-way flow of money or other value.


Contrasted with a one-way flow, such as a remittance.




== See also ==
== See also ==
* [[Commodity]]
* [[Carrying value]]
* [[Exchange controls]]
* [[Fair value]]
* [[Exchange creditors]]
* [[IAS 36]]
* [[Exchange-for-value system]]
* [[Impairment]]
* [[Exchange rate]]
* [[Value in use]]
* [[Exchange traded]]
* [[Exchange Traded Commodity]]
* [[Exchange-traded funds]]
* [[Financial instrument]]
* [[Foreign currency]]
* [[Foreign exchange]]
* [[Remittance]]
* [[Security]]
* [[Stock exchange]]


[[Category:The_business_context]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Investment]]
[[Category:Financial_products_and_markets]]

Latest revision as of 15:36, 9 September 2020

Financial reporting - impairment

The higher of fair value less costs of disposal and value in use.


Recoverable amount is a figure that recognises we have a choice about what to do with an asset.

We can either:

(1) Sell it; or

(2) Carrying on using it.


Rationally, we would always make the choice that results in the greater value for the business.



See also