IAS 40Chapter 9Lesson 1
Transfers: change in use, evidence and transfer value
Step 1 of 9Learning objectives
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A transfer requires a change in use supported by evidence; under the cost model amounts do not change, under the fair value model the direction of the transfer determines the treatment of the difference.
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Learning objectives
- State the condition for a transfer: a change in use supported by evidence.
- Explain why an intention is not enough.
- Apply the cost model to transfers: no amount changes.
- Account for a transfer under the fair value model according to its direction.