Do we still amortise goodwill, and if so, what are the cases when we have to amortise it?
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SBRGoodwill
16y ago#1No amortisation for goodwill now, but subject o impairment test according to IFRS 3.
In P2, however, you may face a question with more in-depth critique on the impairment approach in light of the conceptual framework and the fair value accounting.
In P2, however, you may face a question with more in-depth critique on the impairment approach in light of the conceptual framework and the fair value accounting.
16y ago#2The revised IFRS 3 says that goodwill must never be amortised.
Goodwill must be tested for impairment at least annually or at the reporting date.
Goodwill must be tested for impairment at least annually or at the reporting date.
Thank you
16y ago#4In dec 09 exams there was a full question about impairment of goodwill. You can read that for more information.
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