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Wednesday 30 July 2014

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Revaluation method


 Narrow-scope amendments (Annual Improvements)

IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets: Revaluation method—proportionate restatement of accumulated depreciation and amortisation

The objective of this amendment is to clarify the requirements for the revaluation method in IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets to address concerns about the calculation of the accumulated depreciation or amortisation at the date of the revaluation.

Project stages

Discussion and papers

Issued documents

Stage 1: Exposure Draft published 3 May 2012

Deliberations

Issued documents

Stage completed: December 2013