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Impairment CGU

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Impairment CGU

  • This topic has 2 replies, 2 voices, and was last updated 4 years ago by agboolakenny84.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 17, 2021 at 8:59 pm #625615
    agboolakenny84
    Participant
    • Topics: 19
    • Replies: 105
    • ☆☆

    Hello Tutor,
    Thank you for your lectures.
    I’m quite confused as to why you impaired the whole Goodwill of 2400. I didn’t really understand the explanation of why you impaired the whole of 2400.
    Thank you.

    June 19, 2021 at 7:53 am #625773
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7205
    • ☆☆☆☆☆

    Hi,

    Thanks for the comment regarding the lectures. In any impairment then goodwill is the first thing to go as it has effectively been recognised in the accounts based on the excess paid to acquire a business. It does not represent anything specifically within the business, i.e. it is not identifiable, and hence on any impairment it has to be removed.

    Thanks

    June 19, 2021 at 11:55 am #625806
    agboolakenny84
    Participant
    • Topics: 19
    • Replies: 105
    • ☆☆

    Thanks !
    This is a clearer explanation. I understand now.

  • Author
    Posts
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