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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Impairment Gwill (Asso)
Sir,
I didn’t quite understand that why impairment is deducted in full.
You said in the lectures that the impairment given in question is already based on our % ..
However will all questions be like
“Impairment review showed £Xx
impairment in Associate.
I mean will the impaiment in any question be showed for the entire associate?
Rather than just ours?
Hi,
The impairment figure given in any question will be the amount that you deduct in the equity accounting calculations. You will never need to adjust it for the percentage ownership because when it is calculated we have already taken into account the percentage ownership. You will see this in SBR, so no need to get too worried about it just yet.
Thanks
That was a pretty valuable tip..
Also loving your lectures alot.
Thank you sir 🙂