IAS 36 Impairment of assets

IAS 36 – Impairment of Assets: Significant Judgements and Estimates that Define Value

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1 IAS 36 Judgements and Estimates -When numbers meet nerves Topics show 1 IAS 36 Judgements and Estimates -When numbers meet nerves 2 Objective and scope – The rule that protects credibility 3 Where it bites – When assets lose their shine 4 Why it matters – Volatility, confidence and storytelling 5 The IAS 36 … Read more

IAS 36 Other impairment issues

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IAS 36 Other impairment issues – When looking at the step-by-step IAS 36 impairment approach it comes down to the following broadly organised steps: IAS 36 How Impairment test What?? – Determining the scope and structure of the impairment review, explained here, If and when? – Determining if and when a quantitative impairment test is necessary, … Read more

M and A

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M and A or Mergers and Acquisitions in IFRS language Business Combinations. 1 Identifying a business combination IFRS 3 refers to a ‘business combination’ rather than more commonly used phrases such as takeover, acquisition or merger because the objective is to encompass all the transactions in which an acquirer obtains control over an acquiree no … Read more

Cash flow forecasting

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Topics hide A Basic Guide to Cash Flow Forecasting What is Cash Flow Forecasting? Building Out Cash Flow Scenario Models How to Improve the Accuracy of Your Cash Flow Forecast Where are cash flow forecasting techniques used in IFRS? Goodwill impairment test – Telecom industry Carrying amount Recoverable amount Fair value less costs to sell … Read more

Impairment testing cash generating unit with IFRS 16 leases

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Impairment testing cash generating unit with leases (or impairment of leased assets) is about a right-of-use asset (leased asset) and  such an asset will frequently be included in a cash generating unit to be tested for impairment. At initial recognition, the right-of-use-asset equals the recognised lease liability, plus any lease payments made at or before … Read more

Basel Committee IFRS 9 Guidance

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Topics hide Basel Committee IFRS 9 Guidance Principles underlying the Banking IFRS 9 Guidance Application of the ECL requirements in the Banking IFRS 9 Guidance Key banking aspects of Banking IFRS 9 Guidance Proportionality, materiality and symmetry Reasonable and supportable information Consideration of forward looking information Grouping of exposures Credit risk grades at banks Assessment … Read more

Best read Impairment long lived assets IAS 36 vs ASC 360

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Impairment long lived assets IAS 36 vs ASC 360 Goodwill Impairment of assets IAS 36 vs ASC 360 Goodwill allocation Recognition of impairment loss Measurement of impairment loss Reversal of impairment loss Impairment of indefinite-lived intangible assets Unit of account Recognition and measurement of impairment loss Reversal of … Read more

Best read Impairment long lived assets IFRS 36 vs ASC 360

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Impairment long lived assets IFRS 36 vs ASC 360 Goodwill Impairment of assets IFRS 36 vs ASC 360 Goodwill allocation Recognition of impairment loss Measurement of impairment loss Reversal of impairment loss Impairment of indefinite-lived intangible assets Unit of account Recognition and measurement of impairment loss Reversal of … Read more

Determining a leases discount rate

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Determining a leases discount rate IFRS 16.26 sets out the discount rate requirement as follows: “At the commencement date, a lessee shall measure the lease liability at the present value of the lease payments that are not paid at that date. The lease payments shall be discounted using the interest rate implicit in the lease, … Read more