Impairment: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 27/8/13) |
||
| Line 1: | Line 1: | ||
1. ''Financial reporting''. | 1. | ||
''Financial reporting''. | |||
A reduction in the recoverable amount of a fixed asset or goodwill below its carrying amount. | A reduction in the recoverable amount of a fixed asset or goodwill below its carrying amount. | ||
3. More generally, any weakening, damage or reduction in value. | 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. | |||
3. | |||
More generally, any weakening, damage or reduction in value. | |||
== See also == | == See also == | ||
| Line 10: | Line 20: | ||
* [[FRS 11]] | * [[FRS 11]] | ||
* [[Goodwill]] | * [[Goodwill]] | ||
Revision as of 08:33, 27 August 2013
1.
Financial reporting.
A reduction in the recoverable amount of a fixed asset or goodwill below its carrying amount.
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.
3.
More generally, any weakening, damage or reduction in value.
