IAS 16 - IFRS Property, Plant & Equipment (Fixed Assets) 2 of 2

[@nupursingla9240]

Amazing explanation of each part Really thankful to you sir🙏

[@hamzaknows729]

Shehzada

[@LittleRockstarsShorts]

I agree with Timothy- because in Year 2 the reserve created was 110 (100+10) i.e. reserve amount is 10, so in year 3 when revalued amount falls to 95 which means there is a total decrease of Rs. 15 =(110-95) = -(10+5), out of which Rs. 10 relates to Year 2 which needs a reversal this year. Now left with remaining Rs.5 which is debited as loss in value as if ordinary decrease during revaluation. Please clarify on understanding for any disconnect

[@muhammadshehzad6416]

Agree

[@zain96nizam]

If there is a decrease in carrying value, it can be recorded in profit or loss account under Other comprehensive income as Revaluation Deficit.

[@yeswanthkumar3689]

Sir please do more vedios sir... Bcs it is helping us a lot... Forget about minor mistakes sir as everyone do that mistakes.... But if u post more vedios it would be helpful for more people...

[@sidramvadnal6042]

Sir can you share us the latest videos on all IFRS's

[@dheeraj5087]

Superb video . Thank u very much Mr. Vikash Goel

[@bhumikakakra3375]

i appreciate your way of teaching..can you please upload videos on assets held for sale, intangible assets,investment property soon..i need to prepare for my mba exams..thanx

[@navibariana9746]

Sir bhut acha samj aaya but revaluation model mein Jo increase in asset hota hai wo revaluation surplus account mein ni show kiya jata?bjaaye iske k revaluation reserves mein balance sheet mein daala jaye ?shi method konsa hai because meri bookk mein aisa hee likha hai

[@timothyakanmu6913]

Please an Observation: The revaluation Method, The carrying amount 95 in year 3, in the case of a Decrease beyond previous increase. I think the reserve should be (- 10) instead of (-20) you used, because the increase to Rs20 in reserve was also in year 3 . Since we can either have increase or decrease in a fair value, in the same accounting year. (The -5 for he p&L is ok) Or are solving for year 4. Pls clarify or explain.

[@crisa3653]

Same thoughts here. maybe, he overlooked.

[@muhammadshehzad6416]

Sir there is error in year 3 posting of beyond previous account, reverse reserve me only 10 jaeinge not 20 and other 5 in profit and loss account.

[@adibmulla]

Sir. What about animals which does not fulfill the criteria of IAS 41. Will it be considered as PPE?. If yes then how will it be depreciated?

[@johnike6627]

Also can u pls upload a lecture on Depreciation of PPE?

[@tahirakhan6845]

Do u have recorded practice questions for IAS 16?

[@VikashGoel]

Nopes. Sorry.

[@permmann1502]

Sir, Could you please post on on IAS38 on intangible assets?

[@FazanMunir]

example given is having mistakes that can mislead the students. please see n correct it. thanks

[@seihuigoh3022]

yes there is

[@FazanMunir]

+Seihui Goh thank you so much for supporting me

[@zaynmunir3601]

14:25 i think so

[@tuan2558]

hi, can i include Property, plant and equipment in factory overheads?? pls i need help

[@crisa3653]

it depends, if the specific ppe can be directly trace or use in the production . But,only the depreciation expense or impairment loss not the whole asset. That's what I remembered.

[@fathimabinsiya6200]

thank you sir for this wonderful class

[@johnike6627]

Nice class But some teaching materials should b used to make it more practical

[@jihane0jihane]

thank u so much u are very good teacher but I exepected u can explean more oif increase or decrease its complicated any way like your videos

[@zain96nizam]

If there is a decrease in carrying value, it can be recorded in profit or loss account under Other comprehensive income as Revaluation Deficit. Thus will subtracted then in the Balance sheet from Revaluation reserve in equity section.

[@sankarveturu4338]

Thank you

[@kishanputtam2681]

Thank you !

[@nooblatte602]

brilliant.

[@tanisharamani9139]

Thankyou sir

[@sivunnaiduarnapalli873]

good

[@commerceinfo6272]

Thank you