Impairment and Impostor syndrome: Difference between pages

Revision as of 07:54, 20 July 2014

Behavioural economics.

An irrational tendency among certain fully competent individuals systematically to underestimate their true level of competence.

Such individuals irrationally fear being found out as 'impostors' in their field of competence.

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-. ''Financial reporting''.
+''Behavioural economics''.
-A reduction in the recoverable amount of an asset below its carrying amount.
+An irrational tendency among certain fully competent individuals systematically to ''underestimate'' their true level of competence.
-Impairment may apply, among other assets, to tangible fixed assets, goodwill, loans or inventory.
+Such individuals irrationally fear being found out as 'impostors' in their field of competence.
-Relevant accounting standards include IAS 36, Section 27 of FRS 102 and IAS 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.
-.
-More generally, any weakening, damage or reduction in value.
-Causes of impairment may include damage, obsolescence and declining credit quality.
 == See also ==
-* [[Amortisation]]
+* [[Dunning-Kruger effect]]
-* [[Carrying amount]]
+* [[Behavioural economics]]
-* [[Depreciation]]
-* [[Fixed assets]]
-* [[FRS 102]]
-* [[Goodwill]]
-* [[IAS 2]]
-* [[IAS 36]]
-* [[IFRS 9]]
-* [[Impaired loan]]
-* [[Net book value]]
-* [[Net realisable value]]
-* [[Recoverable amount]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]
 [[Category:Corporate_finance]]
-[[Category:Investment]]
+[[Category:Manage_risks]]
-[[Category:Long_term_funding]]
+[[Category:Risk_frameworks]]