Topic: IAS 36: Impairment of assets

Search 500 + past questions and counting.

CR – May 2021 – L3 – Q2a(i) – Impairment of Assets and CGU Valuation

Evaluate the acceptability of accounting practices used for CGU impairment test, focusing on discount rates and foreign exchange issues under IAS 36.

Question

Gyamfi Ltd (Gyamfi) is an international company with a presence in Ghana, providing spare parts for the automotive industry. It operates in various jurisdictions, each with different currencies. In 2020, Gyamfi faced financial difficulties partly due to the COVID-19 pandemic, resulting in a decline in revenue, a reorganization, and restructuring of the business. As a result, Gyamfi reported a loss for the year.
Gyamfi conducted an impairment test for goodwill, but no impairment was recognized. The company applied a single discount rate to all cash flows for all cash-generating units (CGUs), regardless of the currency in which the cash flows were generated. The discount rate used was the weighted average cost of capital (WACC), and Gyamfi used the 10-year government bond rate of its jurisdiction as the risk-free rate in the calculation.

Additionally, Gyamfi built its impairment model using forecasts denominated in the parent company’s functional currency, arguing that any other approach would be unrealistic and impracticable. Gyamfi claimed that the CGUs had different risk profiles in the short term, but there was no basis for claiming that their risk profiles were different over a longer business cycle.

Impairment of Non-Current Assets:
Gyamfi also tested its non-current assets for impairment. A building located overseas was deemed impaired due to flooding in the area. The building was acquired on 1 April 2020 for 25 million dinars when the exchange rate was 2 dinars to the Ghana Cedi. The building is carried at cost. As of 31 March 2021, the building’s recoverable amount was determined to be 17.5 million dinars. The exchange rate on 31 March 2021 was 2.5 dinars to the Ghana Cedi. Buildings are depreciated over 25 years.

The tax base and carrying amounts of the non-current assets before the impairment write-down were identical. The impairment of the non-current assets is not deductible for tax purposes. No deferred tax adjustment has been made for the impairment. Gyamfi expects to make profits for the foreseeable future and assumes the tax rate is 25%. No other deferred tax effects need to be considered besides the ones relating to the impairment of the non-current assets.

Requirements (as per question):
i) Evaluate the acceptability of the accounting practices under IAS 36: Impairment of Assets (6 marks).

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deferred Tax, flooding, foreign currency exchange, Impairment of Assets, Non-current Assets, Risk-free rate, WACC
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: MAY 2021

CR – May 2021 – L3 – Q2a(ii) – Impairment of Overseas Building and Deferred Tax

Recommend the accounting treatment for impairment and deferred tax for an overseas building under IAS 36 and IAS 12.

Question

ii) Recommend the accounting treatment of the above transaction to the directors of Gyamfi for the year ended 31 March 2021, including financial statements extracts in accordance with relevant International Financial Reporting Standards.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deferred Tax, Depreciation, Impairment, Non-current Assets, overseas asset
Level: Level 3

Topic: IAS 12: Income taxes, IAS 36: Impairment of assets
Series: MAY 2021

July 2023 – L2 – Q2a – Impairment of Assets (IAS 36)

Treatment of brand name in Bondito Ltd’s financials following impairment of its subsidiary Manyabe Ltd.

Question

Bondito Ltd acquired 100% of a subsidiary, Manyabe Ltd, on 1 January 2021. The carrying amount of the assets of Manyabe Ltd in the consolidated financial statements of the Bondito group at 31 December 2021, immediately before an impairment review, were as follows:

Assets	GH¢ million
Goodwill	1.4
Brand name	2
Property, plant, and equipment	6
Current assets (at recoverable amount)	2.4
Total	11.8

The recoverable amount of Manyabe Ltd was estimated at GH¢9.6 million at 31 December 2021, and the impairment of the investment in Manyabe Ltd was deemed to be GH¢2.2 million. Bondito Ltd applies IAS 16: Property, Plant, and Equipment, and IAS 36: Impairment of Assets in preparing its financial statements.

Required:
Assuming Manyabe Ltd represents a cash-generating unit, show the financial reporting treatment of the brand name at 31 December 2021 in the books of Bondito Ltd following the impairment review.
(Total: 5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assets, Brand Name, Goodwill, IAS 36, Impairment, Property
Level: Level 2

Topic: IAS 36: Impairment of assets
Series: JULY 2023

CR – Apr 2022 – L3 – Q2a – Impairment of assets, IAS 36

Discuss the significance of three factors affecting impairment testing under IAS 36, including market capitalization and allocation of goodwill.

Question

An assessment of accounting practices for asset impairments is important in the context of financial reporting quality, especially during periods of economic uncertainty. The exercise of management judgment in impairment accounting is crucial. There are several factors that can influence the quality of impairment accounting and disclosures, including changes in circumstances, market capitalization, and the allocation of goodwill to cash-generating units.

Required:
Discuss the significance of the THREE (3) factors above when conducting an impairment test under IAS 36: Impairment of Assets.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash-generating units, Changes in circumstances, Goodwill, Impairment testing, Market capitalization
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: APR 2022

CR – May 2016 – L3 – Q2a – IAS 36: Impairment of assets

Analyze the circumstances under which impairment losses arise and demonstrate the circumstances that may indicate that a company's assets may have become impaired as per the provisions of IAS 36 – Impairment of Assets.

Question

Analyze the circumstances under which impairment losses arise and demonstrate the circumstances that may indicate that a company’s assets may have become impaired as per the provisions of IAS 36 – Impairment of Assets.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Carrying Value, IAS 36, Impairment, Indicators of Impairment, Recoverable Amount
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: MAY 2016

CR – Mar 2024 – L3 – Q2b – IAS 36: Impairment of Assets

This question focuses on determining impairment losses and adjusting carrying values for the CGUs of Sikaman Plc, considering head office allocation.

Question

Sikaman Plc has three cash-generating units (CGUs), a head office, and a research facility. The carrying amounts of the assets and their recoverable amounts are as follows:

	Unit X	Unit Y	Unit Z	Head Office	Research Facility	Sikaman Plc
Carrying value (GH¢m)	500	700	1,000	750	250	3,250
Recoverable amount (GH¢m)	645	820	1,355	–	–	2,920

The assets of the head office can be reasonably allocated to the three units as follows:

Unit X: GH¢95m
Unit Y: GH¢280m
Unit Z: GH¢375m

The assets of the research facility cannot be reasonably allocated to the CGUs.

Required:
Assuming all assets can be adjusted for impairment, show how the revised/adjusted carrying values of the assets of Sikaman Plc should be determined in line with IAS 36: Impairment of Assets after taking into account any impairment losses in the above scenario. Show the relevant financial statements extracts.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Carrying Value, CGU, Head Office Allocation, IAS 36, Impairment, Research Facility
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: MAR 2024

CR – Nov 2016 – L3 – Q2d – IAS 36 – Impairment of Assets

Account for the impairment loss of a taxi business under IAS 36.

Question

Afoko Ltd acquired a car taxi business on 1 January 2015 for GH¢230,000. The value of the assets of the business at that date based on net selling price were as follows:

Assets	GH¢’000
Vehicles	120
Intangible assets	30
Trade receivables	10
Cash	50
Trade payables	(20)
Net assets	190

On 1 February 2015, the taxi business had three (3) of its vehicles stolen. The net selling values of these vehicles was GH¢30,000, and because of non-disclosure of certain risks to the insurance company, the business was uninsured. As a result of this event, Afoko Ltd wishes to recognize an impairment loss of GH¢45,000, inclusive of the loss of the stolen vehicles due to the decline in value of the stolen income-generating unit, that is the taxi business. On 1 March 2015, a rival taxi company commenced business in the same area. It is anticipated that the business revenue of Afoko Ltd would be reduced by 25%, leading to a decline in the present value in use of the business, which is calculated at GH¢150,000. The net selling value of the taxi license has fallen to GH¢25,000 as a result of the rival taxi operator. The net selling values of the other assets have remained the same as at 1 January 2015.

Required:
Recommend how Afoko Ltd should account for the above transaction in its financial statements in accordance with IAS 36 Impairment of Assets.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash-Generating Unit, Goodwill, Impairment, Recoverable Amount
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: NOV 2016

CR – Mar 2023 – L3 – Q3a – Non-current assets: sundry standards (IAS 16, IAS 23, IAS 20 and IAS 40) ,IAS 36: Impairment of Assets,

Discuss the impairment of a printing machine owned by Dajanso Plc, including necessary computations.

Question

Dajanso Plc owns a number of printing shops across the country. On 1 January 2021, the carrying amount of Dajanso’s largest printing machine was GH¢65 million. The machine had a remaining useful life of five years and a residual value of GH¢7 million using the cost model. Due to a fall in demand for printed books, management conducted an impairment review of the printing machine on 30 June 2021.

At this date, the estimated selling price was GH¢55 million, including GH¢4 million, which would be received after reconditioning the asset. Agent fees would be 5% of the appropriate fair price. If the machine is kept in use, it is estimated to generate real cash flows of GH¢20 million a year over its remaining life (now estimated to be three years), with a revised residual value of GH¢6 million. The following discount rates are applicable:

Rate Type	Pre-tax Nominal	Pre-tax Real	Post-tax Nominal	Post-tax Real
Discount Rate (p.a.)	11.9%	8.3%	10.5%	6.6%

Required:
In line with IAS 16 Property, Plant, and Equipment and IAS 36 Impairment of Assets, recommend how Dajanso would account for the plant in its financial statements for the year ended 31 December 2021. Show appropriate computations where necessary.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Equipment, Impairment, Plant, Property, Recoverable Amount, Value in Use
Level: Level 3

Topic: IAS 20 and IAS 40), IAS 36: Impairment of assets
Series: MAR 2023

CR – July 2023 – L3 – Q3a – IAS 36: Impairment of assets

Apply IAS 36 to determine impairment of a cash-generating unit, including goodwill allocation and fair value considerations.

Question

a) Sandoo Ltd is a company which manufactures machinery for industrial use and has a year end of 31 December 2021. The directors of Sandoo Ltd require advice on the following transaction:

i) Sandoo Ltd acquired a cash-generating unit (CGU) several years ago but, at 31 December 2021, the directors of Sandoo Ltd were concerned that the value of the CGU had declined because of a reduction in sales due to new competitors entering the market. At 31 December 2021, the carrying amounts of the assets in the CGU before any impairment testing were:

ii) The fair values of the Property, Plant and Equipment and the other assets at 31 December 2021 were GH¢20 million and GH¢34 million respectively and their costs to sell were GH¢200,000 and GH¢600,000 respectively. The CGU’s cash flow forecasts for the next five years are as follows:

iii) The pre-tax discount rate for the CGU is 8% and the post-tax discount rate is 6%. Sandoo Ltd has no plans to expand the capacity of the CGU and believes that a reorganisation would bring cost savings but, no plan has been approved. The directors of Sandoo Ltd need advice as to whether the CGU’s value is impaired. The following extract from a table of present value factors has been detailed below:

Required: With reference to relevant International Financial Reporting Standards: Advise the directors of Sandoo Ltd on how the above transactions should be accounted for in its financial statements as at 31 December 2021.

(10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash-Generating Unit, Fair Value Less Costs to Sell, Goodwill, IAS 36, Impairment of Assets, Value in Use
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: JULY 2023

CR – Dec 2022 – L3 – Q3a – IAS 36: Impairment of Assets ,IAS 37: Provisions, contingent liabilities and contingent assets

Determine the appropriate accounting treatment for Samed Ltd's production facility impairment.

Question

Samed Ltd is a Ghanaian company located in the Northern Region that manufactures goods such as washing machines, tumble dryers, and dishwashers. The manufacturing industry in Ghana is highly competitive with many products on the market. Samed Ltd’s current accounting year-end is 31 December 2022.

Samed Ltd has a production facility that started showing serious cracks and signs of possible leakage since July 2022. It is probable that Samed Ltd will have to undertake major repairs sometime during 2023 to rectify the problem. Samed Ltd does not have an insurance policy covering the production facility. The Chief Operating Officer has refused to disclose the issue in the financial statements for the year ended 31 December 2022, and no repair costs have yet been undertaken, although he is aware that this is contrary to International Financial Reporting Standards (IFRSs). According to the Chief Operating Officer, he does not believe that the need for major repairs on the production facility is an indicator of impairment. Furthermore, the Chief Operating Officer argues that no provision for the repair to the production facility should be made as there is no legal or constructive obligation to repair the facility.

Samed Ltd has a revaluation policy for property, plant, and equipment, and there is a balance on the revaluation surplus of GH¢20 million in the financial statements for the year ended 31 December 2022. However, this balance does not relate to the production facility, but the Chief Operating Officer is of the opinion that this surplus can be used for any future loss arising from the collapse of the production facility.

Required:
In accordance with relevant IFRSs, discuss the accounting treatment which Samed Ltd should adopt to account for the above transaction in its financial statements for the year ended 31 December 2022.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash-Generating Unit, Contingent Liabilities, Impairment, Production Facility, Provision, Revaluation Surplus
Level: Level 3

Topic: contingent liabilities and contingent assets, IAS 36: Impairment of assets
Series: DEC 2022

CR – May 2021 – L3 – Q2a(i) – Impairment of Assets and CGU Valuation

Evaluate the acceptability of accounting practices used for CGU impairment test, focusing on discount rates and foreign exchange issues under IAS 36.

Question

Gyamfi Ltd (Gyamfi) is an international company with a presence in Ghana, providing spare parts for the automotive industry. It operates in various jurisdictions, each with different currencies. In 2020, Gyamfi faced financial difficulties partly due to the COVID-19 pandemic, resulting in a decline in revenue, a reorganization, and restructuring of the business. As a result, Gyamfi reported a loss for the year.
Gyamfi conducted an impairment test for goodwill, but no impairment was recognized. The company applied a single discount rate to all cash flows for all cash-generating units (CGUs), regardless of the currency in which the cash flows were generated. The discount rate used was the weighted average cost of capital (WACC), and Gyamfi used the 10-year government bond rate of its jurisdiction as the risk-free rate in the calculation.

Additionally, Gyamfi built its impairment model using forecasts denominated in the parent company’s functional currency, arguing that any other approach would be unrealistic and impracticable. Gyamfi claimed that the CGUs had different risk profiles in the short term, but there was no basis for claiming that their risk profiles were different over a longer business cycle.

Impairment of Non-Current Assets:
Gyamfi also tested its non-current assets for impairment. A building located overseas was deemed impaired due to flooding in the area. The building was acquired on 1 April 2020 for 25 million dinars when the exchange rate was 2 dinars to the Ghana Cedi. The building is carried at cost. As of 31 March 2021, the building’s recoverable amount was determined to be 17.5 million dinars. The exchange rate on 31 March 2021 was 2.5 dinars to the Ghana Cedi. Buildings are depreciated over 25 years.

The tax base and carrying amounts of the non-current assets before the impairment write-down were identical. The impairment of the non-current assets is not deductible for tax purposes. No deferred tax adjustment has been made for the impairment. Gyamfi expects to make profits for the foreseeable future and assumes the tax rate is 25%. No other deferred tax effects need to be considered besides the ones relating to the impairment of the non-current assets.

Requirements (as per question):
i) Evaluate the acceptability of the accounting practices under IAS 36: Impairment of Assets (6 marks).

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deferred Tax, flooding, foreign currency exchange, Impairment of Assets, Non-current Assets, Risk-free rate, WACC
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: MAY 2021

CR – May 2021 – L3 – Q2a(ii) – Impairment of Overseas Building and Deferred Tax

Recommend the accounting treatment for impairment and deferred tax for an overseas building under IAS 36 and IAS 12.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deferred Tax, Depreciation, Impairment, Non-current Assets, overseas asset
Level: Level 3

Topic: IAS 12: Income taxes, IAS 36: Impairment of assets
Series: MAY 2021

July 2023 – L2 – Q2a – Impairment of Assets (IAS 36)

Treatment of brand name in Bondito Ltd’s financials following impairment of its subsidiary Manyabe Ltd.

Question

Assets	GH¢ million
Goodwill	1.4
Brand name	2
Property, plant, and equipment	6
Current assets (at recoverable amount)	2.4
Total	11.8

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assets, Brand Name, Goodwill, IAS 36, Impairment, Property
Level: Level 2

Topic: IAS 36: Impairment of assets
Series: JULY 2023

CR – Apr 2022 – L3 – Q2a – Impairment of assets, IAS 36

Discuss the significance of three factors affecting impairment testing under IAS 36, including market capitalization and allocation of goodwill.

Question

Required:
Discuss the significance of the THREE (3) factors above when conducting an impairment test under IAS 36: Impairment of Assets.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash-generating units, Changes in circumstances, Goodwill, Impairment testing, Market capitalization
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: APR 2022

CR – May 2016 – L3 – Q2a – IAS 36: Impairment of assets

Analyze the circumstances under which impairment losses arise and demonstrate the circumstances that may indicate that a company's assets may have become impaired as per the provisions of IAS 36 – Impairment of Assets.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Carrying Value, IAS 36, Impairment, Indicators of Impairment, Recoverable Amount
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: MAY 2016

CR – Mar 2024 – L3 – Q2b – IAS 36: Impairment of Assets

This question focuses on determining impairment losses and adjusting carrying values for the CGUs of Sikaman Plc, considering head office allocation.

Question

Sikaman Plc has three cash-generating units (CGUs), a head office, and a research facility. The carrying amounts of the assets and their recoverable amounts are as follows:

	Unit X	Unit Y	Unit Z	Head Office	Research Facility	Sikaman Plc
Carrying value (GH¢m)	500	700	1,000	750	250	3,250
Recoverable amount (GH¢m)	645	820	1,355	–	–	2,920

The assets of the head office can be reasonably allocated to the three units as follows:

Unit X: GH¢95m
Unit Y: GH¢280m
Unit Z: GH¢375m

The assets of the research facility cannot be reasonably allocated to the CGUs.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Carrying Value, CGU, Head Office Allocation, IAS 36, Impairment, Research Facility
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: MAR 2024

CR – Nov 2016 – L3 – Q2d – IAS 36 – Impairment of Assets

Account for the impairment loss of a taxi business under IAS 36.

Question

Afoko Ltd acquired a car taxi business on 1 January 2015 for GH¢230,000. The value of the assets of the business at that date based on net selling price were as follows:

Assets	GH¢’000
Vehicles	120
Intangible assets	30
Trade receivables	10
Cash	50
Trade payables	(20)
Net assets	190

Required:
Recommend how Afoko Ltd should account for the above transaction in its financial statements in accordance with IAS 36 Impairment of Assets.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash-Generating Unit, Goodwill, Impairment, Recoverable Amount
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: NOV 2016

CR – Mar 2023 – L3 – Q3a – Non-current assets: sundry standards (IAS 16, IAS 23, IAS 20 and IAS 40) ,IAS 36: Impairment of Assets,

Discuss the impairment of a printing machine owned by Dajanso Plc, including necessary computations.

Question

Rate Type	Pre-tax Nominal	Pre-tax Real	Post-tax Nominal	Post-tax Real
Discount Rate (p.a.)	11.9%	8.3%	10.5%	6.6%

Answer

Find Related Questions by Tags, levels, etc.

Tags: Equipment, Impairment, Plant, Property, Recoverable Amount, Value in Use
Level: Level 3

Topic: IAS 20 and IAS 40), IAS 36: Impairment of assets
Series: MAR 2023

CR – July 2023 – L3 – Q3a – IAS 36: Impairment of assets

Apply IAS 36 to determine impairment of a cash-generating unit, including goodwill allocation and fair value considerations.

Question

a) Sandoo Ltd is a company which manufactures machinery for industrial use and has a year end of 31 December 2021. The directors of Sandoo Ltd require advice on the following transaction:

(10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash-Generating Unit, Fair Value Less Costs to Sell, Goodwill, IAS 36, Impairment of Assets, Value in Use
Level: Level 3

Topic: IAS 36: Impairment of assets
Series: JULY 2023

CR – Dec 2022 – L3 – Q3a – IAS 36: Impairment of Assets ,IAS 37: Provisions, contingent liabilities and contingent assets

Determine the appropriate accounting treatment for Samed Ltd's production facility impairment.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash-Generating Unit, Contingent Liabilities, Impairment, Production Facility, Provision, Revaluation Surplus
Level: Level 3

Topic: contingent liabilities and contingent assets, IAS 36: Impairment of assets
Series: DEC 2022

Topic: IAS 36: Impairment of assets

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

CR – May 2021 – L3 – Q2a(i) – Impairment of Assets and CGU Valuation

Evaluate the acceptability of accounting practices used for CGU impairment test, focusing on discount rates and foreign exchange issues under IAS 36.

You're reporting an error for "CR – May 2021 – L3 – Q2a(i) – Impairment of Assets and CGU Valuation"

CR – May 2021 – L3 – Q2a(ii) – Impairment of Overseas Building and Deferred Tax

Recommend the accounting treatment for impairment and deferred tax for an overseas building under IAS 36 and IAS 12.

You're reporting an error for "CR – May 2021 – L3 – Q2a(ii) – Impairment of Overseas Building and Deferred Tax"

July 2023 – L2 – Q2a – Impairment of Assets (IAS 36)

Treatment of brand name in Bondito Ltd’s financials following impairment of its subsidiary Manyabe Ltd.

You're reporting an error for "July 2023 – L2 – Q2a – Impairment of Assets (IAS 36)"

CR – Apr 2022 – L3 – Q2a – Impairment of assets, IAS 36

Discuss the significance of three factors affecting impairment testing under IAS 36, including market capitalization and allocation of goodwill.

You're reporting an error for "CR – Apr 2022 – L3 – Q2a – Impairment of assets, IAS 36"

CR – May 2016 – L3 – Q2a – IAS 36: Impairment of assets

Analyze the circumstances under which impairment losses arise and demonstrate the circumstances that may indicate that a company's assets may have become impaired as per the provisions of IAS 36 – Impairment of Assets.

You're reporting an error for "CR – May 2016 – L3 – Q2a – IAS 36: Impairment of assets"

CR – Mar 2024 – L3 – Q2b – IAS 36: Impairment of Assets

This question focuses on determining impairment losses and adjusting carrying values for the CGUs of Sikaman Plc, considering head office allocation.

You're reporting an error for "CR – Mar 2024 – L3 – Q2b – IAS 36: Impairment of Assets"

CR – Nov 2016 – L3 – Q2d – IAS 36 – Impairment of Assets

Account for the impairment loss of a taxi business under IAS 36.

You're reporting an error for "CR – Nov 2016 – L3 – Q2d – IAS 36 – Impairment of Assets"

CR – Mar 2023 – L3 – Q3a – Non-current assets: sundry standards (IAS 16, IAS 23, IAS 20 and IAS 40) ,IAS 36: Impairment of Assets,

Discuss the impairment of a printing machine owned by Dajanso Plc, including necessary computations.

You're reporting an error for "CR – Mar 2023 – L3 – Q3a – Non-current assets: sundry standards (IAS 16, IAS 23, IAS 20 and IAS 40) ,IAS 36: Impairment of Assets,"

CR – July 2023 – L3 – Q3a – IAS 36: Impairment of assets

Apply IAS 36 to determine impairment of a cash-generating unit, including goodwill allocation and fair value considerations.

You're reporting an error for "CR – July 2023 – L3 – Q3a – IAS 36: Impairment of assets"

CR – Dec 2022 – L3 – Q3a – IAS 36: Impairment of Assets ,IAS 37: Provisions, contingent liabilities and contingent assets

Determine the appropriate accounting treatment for Samed Ltd's production facility impairment.

You're reporting an error for "CR – Dec 2022 – L3 – Q3a – IAS 36: Impairment of Assets ,IAS 37: Provisions, contingent liabilities and contingent assets"

CR – May 2021 – L3 – Q2a(i) – Impairment of Assets and CGU Valuation

Evaluate the acceptability of accounting practices used for CGU impairment test, focusing on discount rates and foreign exchange issues under IAS 36.

You're reporting an error for "CR – May 2021 – L3 – Q2a(i) – Impairment of Assets and CGU Valuation"

CR – May 2021 – L3 – Q2a(ii) – Impairment of Overseas Building and Deferred Tax

Recommend the accounting treatment for impairment and deferred tax for an overseas building under IAS 36 and IAS 12.

You're reporting an error for "CR – May 2021 – L3 – Q2a(ii) – Impairment of Overseas Building and Deferred Tax"

July 2023 – L2 – Q2a – Impairment of Assets (IAS 36)

Treatment of brand name in Bondito Ltd’s financials following impairment of its subsidiary Manyabe Ltd.

You're reporting an error for "July 2023 – L2 – Q2a – Impairment of Assets (IAS 36)"

CR – Apr 2022 – L3 – Q2a – Impairment of assets, IAS 36

Discuss the significance of three factors affecting impairment testing under IAS 36, including market capitalization and allocation of goodwill.

You're reporting an error for "CR – Apr 2022 – L3 – Q2a – Impairment of assets, IAS 36"

CR – May 2016 – L3 – Q2a – IAS 36: Impairment of assets

Analyze the circumstances under which impairment losses arise and demonstrate the circumstances that may indicate that a company's assets may have become impaired as per the provisions of IAS 36 – Impairment of Assets.

You're reporting an error for "CR – May 2016 – L3 – Q2a – IAS 36: Impairment of assets"

CR – Mar 2024 – L3 – Q2b – IAS 36: Impairment of Assets

This question focuses on determining impairment losses and adjusting carrying values for the CGUs of Sikaman Plc, considering head office allocation.

You're reporting an error for "CR – Mar 2024 – L3 – Q2b – IAS 36: Impairment of Assets"

CR – Nov 2016 – L3 – Q2d – IAS 36 – Impairment of Assets

Account for the impairment loss of a taxi business under IAS 36.

You're reporting an error for "CR – Nov 2016 – L3 – Q2d – IAS 36 – Impairment of Assets"

CR – Mar 2023 – L3 – Q3a – Non-current assets: sundry standards (IAS 16, IAS 23, IAS 20 and IAS 40) ,IAS 36: Impairment of Assets,

Discuss the impairment of a printing machine owned by Dajanso Plc, including necessary computations.

You're reporting an error for "CR – Mar 2023 – L3 – Q3a – Non-current assets: sundry standards (IAS 16, IAS 23, IAS 20 and IAS 40) ,IAS 36: Impairment of Assets,"

CR – July 2023 – L3 – Q3a – IAS 36: Impairment of assets

Apply IAS 36 to determine impairment of a cash-generating unit, including goodwill allocation and fair value considerations.

You're reporting an error for "CR – July 2023 – L3 – Q3a – IAS 36: Impairment of assets"

CR – Dec 2022 – L3 – Q3a – IAS 36: Impairment of Assets ,IAS 37: Provisions, contingent liabilities and contingent assets

Determine the appropriate accounting treatment for Samed Ltd's production facility impairment.

You're reporting an error for "CR – Dec 2022 – L3 – Q3a – IAS 36: Impairment of Assets ,IAS 37: Provisions, contingent liabilities and contingent assets"

Our offerings

Contact Info

Customer

Get In Touch

admin