Goodwill – Gains/loss on translation of overseas sub

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August 13, 2017 at 7:07 pm #401728
venky
Member
- Topics: 2
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Hi Chris,

If there is an impairment in goodwill during the year which affects the Closing Carrying value of Goodwill, while calculating the gains/loss on translation, what is the correct carrying value which one should take while finding diff between OR and CR ?

Thanks,

Venky
August 14, 2017 at 3:52 pm #401806
P2-D2
Keymaster
- Topics: 4
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Hi,

We should use the impaired value of goodwill.

Thanks
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