ASSETS DIFFERENCES: Full PFRS, PFRS for SMEs, and PFRS for SEs

INVENTORIES

Full PFRS PFRS for SMEs PRFS for SEs

Lower of Cost and Net Lower of Cost and Estimated Initially: Measured at Cost
Realizable Value (LCNRV) Selling Price less Cost to
Complete and Dispose Subsequently: Lower of Cost or
Market Value

BASIC FINANCIAL INSTRUMENTS FA/FL INITIAL MEASUREMENT

Full PFRS PFRS for SMEs PRFS for SEs

FV including Transaction Cost Transaction Price including Transaction Price including

(TC) except FVPL Transaction Cost except FPVL Transaction Cost

BASIC FINANCIAL INSTRUMENTS SUBSEQUENT MEASUREMENT

Full PFRS PFRS for SMEs PRFS for SEs

Fair Value -FVPL (if readily available) NOT Traded: Cost less
-Cost less Impairment (if FV Impairment
cannot be measured reliably)
TRADED: Lower of Cost or FV

INVESTMENT IN ASSOCIATES

Full PFRS PFRS for SMEs PRFS for SEs

Equity Method Cost Model Cost Model

Equity Method Equity Method
Fair Value Model
 INVESTMENT PROPERTY

Full PFRS PFRS for SMEs PRFS for SEs

Fair Value or Cost Model Initially: at Cost Cost Model or Fair Value
(policy option) Subsequently: Fair Value or (policy option)
Cost Model
(depending on circumstances)

PROPERTY, PLANT, AND EQUIPMENT

Full PFRS PFRS for SMEs PRFS for SEs

Cost Model or Revaluation Cost Model or Revaluation Cost Model or Fair Value
Model Model (accounting policy option)
(accounting policy)

NON-MONETARY GOVERNMENT GRANTS

Full PFRS PFRS for SMEs PRFS for SEs

Fair Value or Nominal Amount Fair Value No recognition

(policy option) Fair Value
(policy option)

BORROWING COSTS

Full PFRS PFRS for SMEs PRFS for SEs

Capitalized Expense when incurred Expense when incurred

INTANGIBLE ASSET
(Other than Goodwill)
Full PFRS PFRS for SMEs PRFS for SEs

Cost Model or Cost Model Cost Model

Revaluation Model

USEFUL LIFE
Finite or Indefinite -Finite -Finite
-Best estimate but not -Best estimate but not
exceeding 10 years (if cannot be exceeding 10 years (if cannot be
established reliably) established reliably)

All including goodwill are

- Finite, Amortized and tested All are amortized and tested for amortized and tested for
for impairment impairment impairment

-Indefinite, Not amortized but

tested for impairment

IMPAIRMENT OF ASSET
Full PFRS PFRS for SMEs PRFS for SEs

- Finite, Amortized and tested All are amortized and tested for All including goodwill are
for impairment, when there is impairment, when there is amortized and tested for
indication that the asset may be indication that the asset may be impairment
impaired impaired

-Indefinite, Not amortized but

tested for impairment annually
and when there is indication
that the asset may be impaired

BIOLOGICAL ASSETS
Full PFRS PFRS for SMEs PRFS for SEs

- Fair Value less Costs to Sell - Fair Value less Costs to Sell - Cost Model

- Cost Model (if not - Cost Model (if not - Current market price Model
determinable) determinable)
(policy option)