Revaluation Reserve
Code: 3730
👁 Views: 125
Account Information
| Financial Statement | Statement of Financial Position |
| Normal Balance | Credit |
Definition
Represents the fixed asset revaluation surplus transferred from OCI to a non-distributable reserve. It can be transferred to retained earnings when the asset is sold or depreciated.
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 1
Presentation of Financial Statements
US GAAP
ASC 505
Equity
❓ Frequently Asked Questions
Q: What is the revaluation reserve?
A: The fixed asset revaluation surplus, a non-distributable reserve that can be transferred to retained earnings when the asset is sold or depreciated.