ACCA December Exams

Post comments & Vote in Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

IAS 36 – Indications that an impairment has reversed?

This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
November 16, 2010 at 3:59 am #46014
huuloc
Member
- Topics: 10
- Replies: 8
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
November 18, 2010 at 7:04 pm #70745
MikeLittle
Keymaster
- Topics: 27
- Replies: 23203
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
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.