Rolling Valuation

A rolling valuation is a valuation of an asset class that is carried out over a period greater than one year.

AASB 116 provides that a class of assets may be revalued on a rolling basis provided revaluation of the class of assets is completed within a short period and provided the revaluations are kept up to date.

External Links & References

1. Non-Current Asset Policies for the Queensland Public Sector
2. Google Search