FAS 30 has classified the assets into three main categories for the purpose of revaluation. A different

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FAS 30 has classified the assets into three main categories for the purpose of revaluation. A different revaluation technique is applied to each category of assets.

a. Credit loss approach for other assets

b. Impairment approach for receivables and off-balance sheet exposures

c. NRV approach for inventories

d. NRV approach for other assets

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

ISBN: 9781032464022

1st Edition

Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik

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Question Posted: Mar 11, 2024 03:31 AM

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FAS 30 has classified the assets into three main categories for the purpose of revaluation. A different

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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