DefinitionsOf Provisions, Contingent Liabilities and Contingent Assets : The following terms are used in this Standard with the meanings specified: A provision is a liability which can be measured only […]
Accounting Standard (AS) - 4. page
Scope Of Provisions, Contingent Liabilities and Contingent Assets
Scope Of Provisions, Contingent Liabilities and Contingent Assets : 1. This Standard should be applied in accounting for provisions and contingent liabilities and in dealing with contingent assets, except: (a) […]
Objective Of Provisions, Contingent Liabilities and Contingent Assets
Objective Of Provisions, Contingent Liabilities and Contingent Assets : The objective of this Standard is to ensure that appropriate recognition criteria and measurement bases are applied to provisions and contingent […]
Illustration 8 – Allocation of Corporate Assets
Illustration 8 – Allocation of Corporate Assets : In this illustration tax effects are ignored. Background Enterprise M has three cash-generating units: A, B and C. There are adverse changes […]
Illustration 7 – Application of the ‘Bottom-Up’ and ‘Top-Down’ Tests to Goodwill
Illustration 7 – Application of the ‘Bottom-Up’ and ‘Top-Down’ Tests to Goodwill In this illustration, tax effects are ignored. At the end of 20X0, enterprise M acquired 100% of enterprise […]
Illustration 6 – Treatment of Future Capital Expenditure
Illustration 6 – Treatment of Future Capital Expenditure : In this illustration, tax effects are ignored. Background At the end of 20X0, enterprise F tests a plane for impairment. The […]
Illustration 4 – Reversal of an Impairment Loss
Illustration 4 – Reversal of an Impairment Loss Use the data for enterprise T as presented in Illustration 2, with supplementary information as provided in this illustration. In this illustration […]
Illustration 3 – Deferred Tax Effects
Illustration 3 – Deferred Tax Effects : A33. An enterprise has an asset with a carrying amount of Rs. 1,000 lakhs. Its recoverable amount is Rs. 650 lakhs. The tax […]
Recognition and Measurement of Impairment Loss
Recognition and Measurement of Impairment Loss : A29. The recoverable amount of the Country A cash-generating unit is 1,360 lakhs: the higher of the net selling price of the Country […]
Illustration 2 – Calculation of Value in Use and Recognition of an Impairment Loss
Illustration 2 – Calculation of Value in Use and Recognition of an Impairment Loss : In this illustration, tax effects are ignored. Background and Calculation of Value in Use A23. […]