When there is an investment in equity instrument, it is required to measure it subsequently at fair value per FRS109.
It is also required to charge the change in fair value to profit or loss.
You can irrevocably elected to charge the change in fair value to other comprehensive income if hold it not for sale. Any foreign exchange gain or loss be part of the fair value component. It is because the equity instrumen is an non-monetary item.
When apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x (1-DLOM) x (1-DLOC). But apply the discount on Equity value would lowe
In accordance with SFRS109, investment in equity instruments must be subsequently measured at fair value. In limited circumstances, cost represents the best estimate when recent information not avail
In contract revenue to recognise using input method, one of the key audit procedures is to ascertain the budgeted cost of the project contract is reasonable. We need to test the underlining assumptio