IAS 36 Impairment of Assets
IAS 36 presribes the procedures that an entity applies to ensure that its assets are carried at no more than amount recoverable through their use or sale.
"Forget statistics. Each person in this ward will have one specific outcome, regardless of the statistics," the doctor said.
It was a life-or-death scenario. I felt powerlessness and utter loss of control. I would google statistics ten times a day, trying to find some solid ground under my feet.
The doctor was brutally honest, and this - oddly - provided me with the long sought comfort. There is one outcome for everyone.
Impairment testing under IAS 36 is about one outcome too.
🔹 Impaired or not (and by how much).
Currently, IAS 36 is on the open project agenda, contemplating improvements to how entities allocate goodwill to cash-generating units, among other things:
https://lnkd.in/e9UpsHDM
