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| International Accounting Standard 36, dealing with impairment of assets.
| | A framework for establishing the prices that can be charged to customers for goods and services. This framework is subject to oversight and/or approval by a rate-regulator. |
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| Issued by the International Accounting Standards Board.
| | For example, many governments regulate the supply and pricing of particular types of activity by private entities, including utilities such as gas, electricity and water. |
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| IAS 36 seeks to ensure that an entity's assets are not carried at more than their recoverable amount (i.e. the higher of fair value less costs of disposal and value in use).
| | ==See also== |
| | | * [[IFRS 14]] |
| With the exception of goodwill and certain intangible assets for which an annual impairment test is required, entities are required to conduct impairment tests where there is an indication of impairment of an asset, and the test may be conducted for a 'cash-generating unit' where an asset does not generate cash inflows that are largely independent of those from other assets.
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| == See also == | |
| * [[Assets]] | |
| * [[Cash-generating unit]]
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| * [[Fair value]]
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| * [[FRS 102]]
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| * [[Goodwill]]
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| * [[IAS 16]] - property, plant and equipment
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| * [[IAS 38]] - intangible assets
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| * [[IFRS 9]]
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| * [[Impairment]]
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| * [[Intangible assets]]
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| * [[International Financial Reporting Standards]] (IFRS)
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| * [[Value in use]]
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| ==External link==
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| [https://www.iasplus.com/en/standards/ias/ias36 IAS 36 IAS Plus]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Corporate_finance]]
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| [[Category:Compliance_and_audit]]
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Revision as of 14:08, 17 January 2015
A framework for establishing the prices that can be charged to customers for goods and services. This framework is subject to oversight and/or approval by a rate-regulator.
For example, many governments regulate the supply and pricing of particular types of activity by private entities, including utilities such as gas, electricity and water.
See also
