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Thursday, 28 June 2012

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 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  

Available–for–sale investments  

Quoted and unquoted shares

Inventories

Raw materials

Work–in–progress

Finished goods

Foreign exchange

Commodities

Precious metals


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(c) 2005-2012 Nicolaas J Smith. All rights reserved. No reproduction without permission.