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Is it PPE, IP, H4S or inventory (when you buy land and buildings) - an example discussed.
Автор: Tom Clendon ACCA SBR
Загружено: 2021-08-24
Просмотров: 4548
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A company has bought land and buildings for renovation and sale 10 months later.
Explain how this will be classified and accounted!
So have a think before you watch the video where I explain and justify the answer. There are 4 possible answers!
Can you explain why three are wrong and only one is right?
IAS16 PPE
IAS40 IP
IAS2 Inventory
IFRS5 Held for Sale
I hope you find the video useful. Like it & subscribe to my channel if you do.
If you want to pass ACCA SBR then get in touch via my website www.tomclendon.co.uk
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