Keyword Analysis & Research: impairment indicator

iasplus.com:443

https://www.iasplus.com:443/en/standards/ias/ias36

At the end of each reporting period, an entity is required to assess whether there is any in­di­ca­tion that an asset may be impaired (i.e. its carrying amount may be higher than its re­cov­er­able amount). IAS 36 has a list of external and internal in­di­ca­tors of im­pair­ment. If there is an in­di­ca­tion that an asset may be … See more

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grantthornton.global:443

https://www.grantthornton.global:443/en/insights/articles/IFRS-ias-36/ifrs-ias-36-If-and-when-to-undertake-an-impairment-review/

WEB03 Aug 2021. Usually non-current assets are measured in the financial statements at either cost or revalued amount. However, IAS 36 ‘Impairment of Assets’ requires assets to be carried at no more then their revalued amount and …

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pwc.com:443

https://www.pwc.com:443/gx/en/ifrs-reporting/pdf/impairment-10tips.pdf

WEB10. Start impairment testing early Do not underestimate how long the impairment testing process takes. It includes identifying impairment indicators, assessing or reassessing the cash flows, determining the discount rates, testing the reasonableness of the assumptions and benchmarking the assumptions with the market. The process should be begun ... File Size: 167KB Page Count: 13

File Size: 167KB

Page Count: 13

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ifrs.org:443

https://www.ifrs.org:443/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/ias-36-impairment-of-assets.pdf

WEBInternational Accounting Standard 36 Impairment of Assets (as revised in 2004) was approved for issue by eleven of the fourteen members of the International Accounting Standards Board. Messrs Cope and Leisenring and Professor Whittington dissented. Their dissenting opinions are set out after the Basis for Conclusions. File Size: 247KB Page Count: 50

File Size: 247KB

Page Count: 50

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xplaind.com:443

https://xplaind.com:443/650590/impairment-test

WEBMar 25, 2019 · Impairment test is an accounting procedure carried out to find out if an asset is impaired, i.e. whether the economic benefits that the asset embodies have dropped drastically. Under US GAAP, if the carrying value of an asset exceeds the sum of undiscounted expected cash flows of an asset, the asset is impaired.

DA: 2 PA: 36 MOZ Rank: 62

corporatefinanceinstitute.com:443

https://corporatefinanceinstitute.com:443/resources/accounting/impairment/

WEBIndicators of Impairment Test. Companies must assess the external environment and look for the indicators below to decide when to impair assets. Given below are just some of the indicators relevant for impairment: External factors: Drastic change in economic or legal factors affecting the company or its assets

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wallstreetoasis.com:443

https://www.wallstreetoasis.com:443/resources/skills/accounting/impairment

WEBImpairment refers to a sudden, permanent loss of value in the organization's asset, fixed or intangible, below the carrying value of the asset on the balance sheet. This sudden decline in the value of asset (s) can be because of various reasons, internal and external.

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grantthornton.global:443

https://www.grantthornton.global:443/globalassets/1.-member-firms/global/insights/article-pdfs/2014/ias36-impairment-of-assets-a-guide-to-applying-ias36-in-practice.pdf

WEBConsidering the market capitalisation indicator Example C.1 Failing to assess impairment indicators, and test if necessary, at interim periods Section C.1 and E.4.1 Estimating value in use: ensuring assumptions are reasonable and supportable Section D.1.3.1

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grantthornton.global:443

https://www.grantthornton.global:443/globalassets/1.-member-firms/global/insights/insight-content-blocks-and-media/ifrs/ias-36/ifrs-ias-36-impairment-review-article-3.pdf

WEBimpairment review and use judgement based on the specific facts and circumstances to decide whether the adverse trend constitutes an impairment indicator. Analysis As part of its indicator assessment, management should compare market capitalisation (CU3,000) with net book value (CU5,000).

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investopedia.com:443

https://www.investopedia.com:443/terms/i/impairment.asp

WEBFeb 28, 2024 · Key Takeaways. Impairment can occur as the result of an unusual or one-time event, such as a change in legal or economic conditions, a change in consumer demand, or damage that impacts an …

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