IAS 36 – How to avoid the pitfalls of impairment testing?
Most companies adhering to IFRS standards began their impairment testing in last quarter of the calendar year based on IAS 36, “Impairment of Assets.” The aim is to ensure that the recoverable amount of a cash-generating unit (CGU) exceeds the carrying amount of assets and liabilities presented net. The standard is certainly not new (although […]