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Mind Map
by
meyer cohn
, created
more than 1 year ago
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fac3
cta2
ias36
business
economics
finance
financial accounting
cta 2
Created by
meyer cohn
over 9 years ago
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3238714
mind_map
2016-11-07T00:31:13Z
Impairment of
assets
Recoverable
amount: Higher
of FV/ value in
use
Fair value less cost of
disposal
Value in Use: PV of future
CFj from asset/CGU; Incl.
CFj from cont. use &
disposal at end
Impairment loss
Amount by which CA of
asset exceed
recoverable amount
Recognition &
Measuring
Individual assets
Cost model - Recogn. loss in P/L;
Revaluation model: 1st reverse
revaluation then recogn left over in P/L
Cash-generating Unit
(CGU)
1. Allocate to goodwil; 2. Pro
rata to rest of assets; 3.
LIMIT - CA of asset not
reduced below higher of: - FV
less selling cost; -Value in use
Reversal
Cost model - Recogn. in P/L; Revaluation
model - Recogn. as revaluation increase; Loss
on GOODWILL not reversed; LIMIT -
Increased CA may not exceed CA without
impairment.
Value in Use
Discount rate =
PRE-TAX rate
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3238714
mind_map
2016-11-07T00:31:13Z
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