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Forensic Accounting

how do we account provision for unquoted shares?


how do we provide provision for unquoted shares?

asked Feb 24 in IFRS 9 - Financial Instruments by kinley
please elaborate yours question

2 Answers

0 votes
greetings,

i believe that relevant standard here is IFRS 13 - Fair Value Measurement, and unquoted shares can be measured by :

* quoted prices for similar assets or liabilities in active markets.

* quoted prices for identical or similar assets or liabilities in markets that are not active.

* inputs other than quoted prices that are observable for the asset or liability.
answered Apr 4 by razashraf Level 1 Member (1,500 points)
0 votes
as there is no active market of these shares and prices are not available,in practice i have seen that people record such shares at cost.
answered Apr 15 by usmanp Level 1 Member (1,500 points)



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