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Impairment of assets (IAS 36)
Impairment of assets (IAS 36)
The International Accounting Standards Board (‘IASB’) issued International Accounting Standard No. 36 with the objective to prescribe the procedures that an entity applies to ensure that its assets are carried at no more than their recoverable amount.
The International Accounting Standards Board (‘IASB’) issued International Accounting Standard No. 36 with the objective to prescribe the procedures that an entity applies to ensure that its assets are carried at no more than their recoverable amount.
IAS 36 was reissued in March 2004 and applies to goodwill and intangible assets acquired in business combinations for which the agreement date is on or after 31 March 2004, and for all other assets prospectively from the beginning of the first annual period beginning on or after 31 March 2004.
IAS 36 was reissued in March 2004 and applies to goodwill and intangible assets acquired in business combinations for which the agreement date is on or after 31 March 2004, and for all other assets prospectively from the beginning of the first annual period beginning on or after 31 March 2004.
Recent economic turmoil and stricter regulations has resulted in more frequent application of IAS 36 in many companies. Entities are required to conduct impairment test for goodwill and long lived intangible assets at least annually upon end of reporting period, if there are potential indicators of impairment.
Recent economic turmoil and stricter regulations has resulted in more frequent application of IAS 36 in many companies. Entities are required to conduct impairment test for goodwill and long lived intangible assets at least annually upon end of reporting period, if there are potential indicators of impairment.
Determining Fair Value less Costs to Sell or Value in Use of a Unit may involve dealing with a wide array of issues around accounting provisions and use of several business assumptions that may demand significant management team time. Alps Venture Partners' core team of Audit experienced professionals and battery of Patent lawyers and Attorneys offer auditable, independent, and quality valuations helping clients to comply with reporting requirements.
Determining Fair Value less Costs to Sell or Value in Use of a Unit may involve dealing with a wide array of issues around accounting provisions and use of several business assumptions that may demand significant management team time. Alps Venture Partners' core team of Audit experienced professionals and battery of Patent lawyers and Attorneys offer auditable, independent, and quality valuations helping clients to comply with reporting requirements.
Alpsvp Research
Alpsvp Research
Study of Goodwill & Goodwill Impairment Trends across Regions - US, Asia, Africa, MENA, Europe etc. It covers all major sectors including Financials, Consumer discretionary, healthcare, energy, technology etc.
Why Alps Venture Partners?
Why Alps Venture Partners?
- Ex-Big Four Valuation Specialists with Audit Valuation experience of more than 1,000+ valuations
- Veteran Patent Lawyers experience in Intangibles
- In-depth industry experience
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