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The final part of this series on Step 4 of the impairment review on estimating the recoverable amount, discusses how to estimate an appropriate discount rate in value in use (VIU) calculations.
General guidance for preparers of financial statements that supports the commitment to high quality, consistent application of IFRS.
Introducing IFRS 8, key implementation issues and interpretational guidance in certain problematic areas.
Accounting for Cloud Computing or Software as a Service (SaaS) arrangements.
The second of a three-part series on cash-generating units (CGUs), this article discusses how to allocate assets to CGUs,
The third of a three-part series on cash-generating units (CGUs), this article discusses how to allocate goodwill to CGUs,
This article, part of the IAS 36 series, discusses how to identify cash-generating units (CGUs).
The auditor’s response to the risks of material misstatement arising from estimates made in applying IFRS 17 ‘Insurance Contracts’
This article looks at the scope of the impairment review (ie the types of assets that are included) and how it is structured (ie the level at which assets are reviewed).
This article explains if and when a detailed impairment test as set out in IAS 36 is required.
This article provides an ‘at a glance’ overview of IAS 36’s main requirements and outlines the major steps in applying those requirements.
A summary of IFRS 13: Fair value measurement and detailed commentary on various aspects of applying this Standard from the perspective of a preparer working alongside a valuation expert.
Business combinations are infrequent transactions that are unique for each occurrence. IFRS 3 ‘Business Combinations’ contains the requirements and despite being fairly stable in the ten years since its been released, still provides challenges when accounting for these transactions in practice.
Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. IFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which are challenging in practice.
Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are known as mergers or business combinations which should be accounted for using the requirements in IFRS 3 ‘Business Combinations’.
As one of the most referred to Standards, IFRS 3 has been in place for more than ten years and has undergone a post-implementation review by the IASB.