Understanding Value Concepts in Impairment Testing
Impairment testing was introduced to ensure that the carrying amount of an asset recognized on the balance sheets does not exceed its recoverable amount. Therefore, …
Posts tagged IAS 36
Impairment of Tangible Assets [IAS 36]
Until the announcement IAS 36, there had been a wide range of practices dealing with impairment recognition and measurement. Many jurisdictions—European at most—had statutory obligations …
How To Test Goodwill Impairment [A Practical Guideline]
Goodwill is not subject to amortization. Instead, companies must conduct periodic impairment testing. The amount of goodwill that a company maintains on its books as …
Asset Impairments [A Closer Look]
Asset impairment occurs when the fair value of an asset declines below the amount at which it is recorded on the books (its carrying amount). …
Practical Guide For Asset Impairment with Case Study
The approach of this post is to discuss core concepts and other key elements of the “IMPAIRMENT OF ASSETS” standards, and maybe, a little material …