Question for anyone that has dealt with this issue: As at its transition date, a company will need to review its assets (CGUs) for indicators of impairment. Some of the indicators suggested in IAS 36 refer to "the period". Some indicators are current - as of that date. I have assumed that "the period" refers [...]
Hi All, Greetings. Some countries accounting standards say goodwill can be amortized or impaired. Some countries will say goodwill can only be impaired. Where can I get all this information and notes regarding. Thanks in advance.
Dear all Can someone tell me how do you define normal capacity of IAS 2? In IAS 2, it said that normal capacity is the production expected to be achieved on average over a number of periods or seasons under normal circumstances. I am wondering how to caculate the normail capacity? ex: one machine can [...]
dear sir or mam When one company adopt the IFRSs 1 first time then what are the irems exempted from national GAAP in the case of convergance to IFRSs. Thanks Sincerely yours, Rakesh dear rakesh pls read ifrs 1 and see the exemption given for the same there are 10 exemptions Regards Jignesh [...]
Dear all, Is it possible to reclassify asset held for sale back to PPE? Thanks, Grace Dear, the guidances in this case are explianed in IFRS5.26 to IFRS5.29 Best regards, Dear DivineIt is possible to reclassify an asset held for sale back to PPE if the criteria for classification are no [...]
Hi, Thanks for the information. I would like to know, if we use cost model than also are we require to do the revaluation. best regards Suraj Hi Suraj, Investment property is defined as property held (by the owner or lessee under a finance lease) to rentals and/or for capital appreciation, rather than for [...]