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

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