Unit of measure and aggregation

Learning objectives

• Assess the appropriate unit of account for a group of individually insignificant items.L3, L4

Normative references

• IAS 16 §9The unit of measure for recognition is not prescribed: judgement according to the circumstances; individually insignificant items may be aggregated (e.g. moulds, tools and dies).

Original summaries of the paragraphs (reference register), never a quotation of the standard.

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