HeldValueUnreg

heldValueUnreg is a term used in the context of financial accounting and reporting, specifically in the context of the International Financial Reporting Standards (IFRS) and the United States Generally Accepted Accounting Principles (GAAP). It refers to the value of assets held for sale that are not included in the financial statements of a company at their fair value.

When a company sells an asset, it typically recognizes the gain or loss on the sale in the period it is sold. However, if the company intends to hold the asset for sale in the ordinary course of business, it may choose to recognize the asset at its fair value through other comprehensive income (FVOCI) until it is sold. This is known as the held for sale accounting standard.

heldValueUnreg represents the difference between the carrying value of the asset (as shown in the balance sheet) and its fair value. This difference is not recognized in the income statement but is included in the statement of comprehensive income. The purpose of this accounting treatment is to provide a more accurate reflection of the company's financial position and performance by recognizing the fair value of the asset in the statement of comprehensive income.

It is important to note that the recognition of heldValueUnreg is subject to certain conditions, including the intent to sell the asset within a short period of time and the ability to sell the asset at its fair value. If these conditions are not met, the asset may be reclassified to the balance sheet at its fair value.

In summary, heldValueUnreg is a component of the statement of comprehensive income that reflects the difference between the carrying value and the fair value of assets held for sale. It is an important aspect of the held for sale accounting standard and is used to provide a more accurate reflection of a company's financial position and performance.