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“IAS 36 requires that at each reporting date, an entity must assess whether there are indications of impairment.”
sir this means every quarter assessment for impairment, right? Because that’s when company’s have to report their earnings and publish their financial statements.
Could you please corroborate my understanding sir?
Which exams are you actually taking, because you are asking questions for Papers FA, FR, FM, and AFM (and seemingly not watching the lectures for any of them).
Companies certainly do not have to publish their financial statements every quarter. They are required to publish them once a year.
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