ACCA FA Syllabus D. Recording Transactions And Events - Non-current asset balances and movements - Notes ^{9 / 10}

For each class of property, plant, and equipment , disclose

• basis for measuring carrying amount

• depreciation method(s) used

• useful lives or depreciation rates

• gross carrying amount and accumulated depreciation and impairment losses

• reconciliation of the carrying amount at the beginning and the end of the period, showing

  o additions 
  o disposals 
  o acquisitions through business combinations 
  o revaluation increases or decreases 
  o impairment losses 
  o reversals of impairment losses 
  o depreciation 
  o net foreign exchange differences on translation 
  o other movements

If property, plant, and equipment is stated at revalued amounts, certain additional disclosures are required

• the effective date of the revaluation

• whether an independent valuer was involved

• the methods and significant assumptions used in estimating fair values

• for each revalued class of property, the carrying amount that would have been recognised had the assets been carried under the cost model

• the revaluation surplus, including changes during the period and any restrictions on the distribution of the balance to shareholders