CPA AFR – Accounting policy choices disallowed under the SMEs standard

Goodwill arising on acquisition of a subsidiary is always determined using the partial goodwill method. The fair value method of measuring the non-controlling interest is not available
Intangible assets must be accounted for at cost less accumulated amortization and The revaluation model is not permitted for intangible assets
The cost model can only be used if the fair value cannot be measured reliably