Bilanzbuchhalterprüfung Practice Questions - Austria Fachprüfung Für Den Beruf Des Bilanzbuchhalters (BiBuG 2014) Exam

Current assets (such as raw materials, finished goods, and trade receivables) must be written down to the lower fair market/stock market price at the balance sheet date, regardless of whether the value reduction is permanent or temporary Current assets are written down only if the drop in value is expected to last for more than 10 years Current assets can be written up above historical acquisition cost whenever market prices rise Current assets must be valued at 50% of original invoice price