Page 129 - Financial Accounting 1 ITC Preparation June 2018

ITC EXAM PREP – JUNE 2018

Measurement at recognition – Measurement of cost IAS 16.23-28

Deferred pmt (IAS16.23)

•Beyond normal terms

Exchange (IAS16.24-26)
•Fair value of asset given up

used to measure cost of asset

received

•Commercial substance: Will
future cash flows change?

129