Accounting Standard (AS) - 5. page

Illustration 1 – Identification of Cash-Generating Units : The purpose of this Illustration is: (a) to give an indication of how cash-generating units are identified in various situations; and (b) […]

Illustrations :   These illustrations do not form part of the Accounting Standard. The purpose of these Illustration is to illustrate the application of the Accounting Standard to assist in […]

 Transitional Provisions of Impairment of Assets : 124. On the date of this Standard becoming mandatory, an enterprise should assess whether there is any indication that an asset may be […]

Disclosure of each class of assets : For each class of assets, the financial statements should disclose: (a) the amount of impairment losses recognised in the statement of profit and […]

Impairment in case of Discontinuing Operations : 112. The approval and announcement of a plan for discontinuance6 is an indication that the assets attributable to the discontinuing operation may be […]

Reversal of an Impairment Loss for Goodwill : 108. As an exception to the requirement in paragraph 98, an impairment loss recognised for goodwill should not be reversed in a […]

Reversal of an Impairment Loss for a Cash-Generating Unit : 106. A reversal of an impairment loss for a cash-generating unit should be allocated to increase the carrying amount of […]

Reversal of an Impairment Loss for an Individual Asset : 101. The increased carrying amount of an asset due to a reversal of an impairment loss should not exceed the […]

Reversal of an Impairment Loss : 93. Paragraphs 94 to 100 set out the requirements for reversing an impairment loss recognised for an asset or a cash-generating unit in prior […]

Impairment Loss for a Cash-Generating Unit : 87. An impairment loss should be recognised for a cash-generating unit if, and only if, its recoverable amount is less than its carrying […]