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Wednesday, 14 September 2011

Measurement bases

Measurement bases

Measurement bases used in the valuation of variable items in terms of IFRS include – but are not limited to – the following:

Market value

Fair value

Historical Cost

Net realisable value

Present value

Recoverable value

Current cost

Carrying value

Residual value

Value in use

Settlement value

Replacement cost

Examples of variable real value non–monetary items

Property

Freehold Land

Buildings

Leasehold Improvements

Plant

Equipment

Equipment under Finance Lease

Investment Property

Other Intangible Assets

Capitalised Development Items

Patents

Trademarks

Licences

Investments in Associates

Joint Ventures  

Foreign currency forward contracts

Available–for–sale investments  

Quoted and Unquoted Shares

Inventories

Raw Materials

Work–in–progress

Finished Goods

Foreign currency


Nicolaas Smith

Copyright (c) 2005-2011 Nicolaas J Smith. All rights reserved. No reproduction without permission.