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IAS 38

14 February 2010 0 views 4 Comments

A company have a computer software (internally generated) which results in buying the programmes to users

The main customer of this programmes has bankrupt

so the software will not be sold ,Is Impairment should be ?

and also a few programmes may be sold

So what’s the right Treatment For this according to IFRS?

4 Comments »

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# 14 February 2010 at 7:35 pm

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# 14 February 2010 at 9:24 pm

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# 15 February 2010 at 4:51 am

darshana_ca said:

Hello,

The software would have to be tested for impairment by comparing the present value of its future cash flows against the book value of the software. However if this is a part of a larger CGU then only if the CGU is impaired you would need to look at impairment of this software.

Hope this is helpful.

Thanks,
Darshana

# 18 March 2010 at 7:26 am