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What are some of the criticisms of IAS 36?


Is there any disadvantage for IAS 36? What are some of the disadvantages

asked Aug 31, 2013 in IAS 36 - Impairment of Assets by anonymous

1 Answer

0 votes
Hi

I am listing down below some of the dis advantages of IAS 36 :

1. It can be, sometimes, quite difficult to determine the measure of value which should be used while assessing an impairment. The most common options include current market value, current cost, NRV, or the sum of future net cash flows from the income-producing unit.

2.The detailed guidance on accounting for impairment of assets is little, like when to recognize impairment, how to measure impairment, and how to disclose impairment.

Regards
answered Oct 5, 2013 by Ritanshu Level 1 Member (1,500 points)


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