• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App

Categories


I have a thesis on IAS 36 and can't find any positive critique to the Standard.
in IAS 36 - Impairment of Assets by
retagged by

1 Answer

0 votes
Impairment of Assets seeks to ensure that an entity's assets are not carried at more than their recoverable amount (ie. the higher of fair value less costs to sell and value in use)

fair value tends to be highly subjective when there is no active market. Also calculation of value in use is also largely based on estimates and it may vary in the short term.
by


...