IAS 36

calculator calculation insurance finance 53621 1

2020 Updated list of International Accounting Standards (IAS)

The following are the list of updated international accounting standards (IAS) in 2020:

Read the rest

Procedures for recognizing and measuring impairment loss in cash generating unit.

The following are procedures for recognition and measurement of impairment loss in a cash generating unit .

  • First, reduce the carrying amount of any goodwill
  • Then allocate the impairment loss to other assets on pro-rata basis of the carrying amount of each asset.

In allocating an impairment loss as stated above, an entity shall not reduce the carrying amount of … Read the rest