Focused On: Impairment Of Assets According To IAS 36
In order to ensure that the annual financial statements give a true and fair view of the company’s situation fixed assets must be regularly tested for impairment.
This paper examines the whole procedure of the impairment of assets according to IAS 36. Beginning with the test for certain indications that could point to impairment, followed by specifically calculating the recoverable amount using a discounted cash flow analysis and possibly reversing the impairment loss in later accounting periods. The special focus is on the cash generating units and the impairment of goodwill.
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