How to revalue intangible assets
Record an increase in the value of an intangible asset under the IFRS revaluation model.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Intangible Assets | Debit | 50,000.00 | - |
| Revaluation Surplus (OCI) | Credit | - | 50,000.00 |
💡 Accountant's Note
Under IFRS, if an active market exists, intangibles can be revalued. Increases are recognized in Other Comprehensive Income (OCI) and accumulated in equity.
Practitioner & Systems Framework
💻 ERP Architecture
Requires an ERP that supports multiple valuation books (Cost vs. Revaluation) and OCI tracking.
⚠️ Audit Flags
Revaluing assets that do not have an active market or failing to reverse previous impairment losses through P&L first.
📄 Required Documentation
Independent valuation report and proof of an active market for the specific asset type.
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Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.
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