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Step 6 of applying the guidance in IAS 36 relates to recognising or reversing and impairment losses. This article focuses on part of this step; recognition of impairment losses. For reversing impairment losses refer to our article ‘Insights into IAS 36 – Reversing impairment losses’.
The articles in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in IAS 36.
IFRS 8 ‘Segmental Reporting’ aligns external reporting with what is reported internally by management by identifying and reporting operating segments.
Our ‘Insights into IFRS 8’ series considers some key implementation issues and includes interpretational guidance in certain problematic areas.
Our ‘Insights into IFRS 8’ series considers some key implementation issues and includes interpretational guidance in certain problematic areas.
In some situations judgement is required to determine how best to meet IFRS 8’s core principle in identifying operating segments.
Providing awareness of new Standards, Interpretations that have been issued and amendments made to existing ones.
This article focuses on reverse acquisitions within the scope of IFRS 3.
What is a reverse acquisition and how do you account for it?
This IFRS viewpoint introduces situations in which mergers and acquisitions are accounted for as reverse acquisitions and how they should be accounted for.
In our three-part series on Step 4 of the impairment review on estimating the recoverable amount, this article discusses estimating future cash inflows and outflows in value in use (VIU) calculations.
Definitions of recoverable amount and fair value less costs of disposal (FVLCOD) and an overview of value in use (VIU).
The final part of this series on Step 4 of the impairment review on estimating the recoverable amount, discusses how to estimate an appropriate discount rate in value in use (VIU) calculations.
General guidance for preparers of financial statements that supports the commitment to high quality, consistent application of IFRS.
Introducing IFRS 8, key implementation issues and interpretational guidance in certain problematic areas.
Accounting for Cloud Computing or Software as a Service (SaaS) arrangements.