Impairment and MBridge: Difference between pages

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imported>Doug Williamson
(Link with IFRS 9 page.)
 
(Created page with "{lowercase}''Cash management - treasury - banking - central bank digital currencies (CBDC) - cross-border remittances - multi-country arrangements.'' Project mBridge (mCBDC or m-CBDC). A multi-CBDC arrangement would be a joint agreement between countries to facilitate more efficient and lower-cost cross-border remittances, using CBDCs. For example, the ''mBridge'' or "m-CBDC Bridge" project for collaboration initiated in 2021 between China, Thailand and the United...")
 
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{lowercase}''Cash management - treasury - banking - central bank digital currencies (CBDC) - cross-border remittances - multi-country arrangements.''


''Financial reporting''. 
Project mBridge


A reduction in the recoverable amount of an asset below its carrying amount.


Impairment may apply, among other assets, to tangible fixed assets, goodwill, loans or inventory.


Relevant accounting standards include IAS 36, Section 27 of FRS 102 and IAS 2.
(mCBDC or m-CBDC).


A multi-CBDC arrangement would be a joint agreement between countries to facilitate more efficient and lower-cost cross-border remittances, using CBDCs.


2.


The related accounting adjustment required to reduce the carrying amount of the asset in the balance sheet - to the new lower recoverable amount - and to recognise an impairment loss.
For example, the ''mBridge'' or "m-CBDC Bridge" project for collaboration initiated in 2021 between China, Thailand and the United Arab Emirates.




3.
== See also ==
* [[Central bank]]
* [[Central bank digital currency]]
* [[Crypto-assets]]
* [[Cryptocurrency]]
* [[Currency]]
* [[Digital currency]]
* [[Distributed ledger]]
* [[e-krona]]
* [[e-money]]
* [[Fiat currency]]
* [[Libra]]
* [[Money]]
* [[Multi-CBDC arrangement]]
* [[Sand Dollar]]


More generally, any weakening, damage or reduction in value.
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:Financial_products_and_markets]]
Causes of impairment may include damage, obsolescence and declining credit quality.
[[Category:Financial_risk_management]]
 
[[Category:Risk_frameworks]]
 
[[Category:The_business_context]]
== See also ==
* [[Fixed assets]]
* [[FRS 102]]
* [[Goodwill]]
* [[IAS 2]]
* [[IAS 36]]
* [[IFRS 9]]
* [[Impaired loan]]
* [[Net book value]]
* [[Net realisable value]]

Revision as of 20:47, 24 July 2024

{lowercase}Cash management - treasury - banking - central bank digital currencies (CBDC) - cross-border remittances - multi-country arrangements.

Project mBridge


(mCBDC or m-CBDC).

A multi-CBDC arrangement would be a joint agreement between countries to facilitate more efficient and lower-cost cross-border remittances, using CBDCs.


For example, the mBridge or "m-CBDC Bridge" project for collaboration initiated in 2021 between China, Thailand and the United Arab Emirates.


See also

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