IAS 36 – Indications that an impairment has reversed?

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  • Profile photo of huuloc
    huuloc
    Participant
    • Topics: 10
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    Hi Mike,
    May I be right if actual events or circumstances are better that predictions, impairment should be reversed? Please advise me. Many thanks.
    BRs – DHL


    Profile photo of MikeLittle
    MikeLittle
    Keymaster
    • Topics: 1
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    That sounds to be correct – it would be a revision to an accounting estimate. I have no experience of this point in practice, so I’m not going to say “Oh, absolutely correct, yes”, but it sounds to be a sensible rationalisation

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