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Impairment of goodwill

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Impairment of goodwill

  • This topic has 7 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • June 7, 2015 at 3:03 pm #254800
    Simone
    Participant
    • Topics: 2
    • Replies: 8
    • ☆

    For calculating impairment loss do you use the net assets or Total Assets? Some solutions use net assets and some total assets.

    June 7, 2015 at 4:37 pm #254833
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    I believe that what has caused your confusion is specifically the exam question that says to use only total assets instead of the usual net assets.

    Use net assets unless told otherwise

    June 7, 2015 at 5:40 pm #254856
    Simone
    Participant
    • Topics: 2
    • Replies: 8
    • ☆

    thank you!

    June 7, 2015 at 6:05 pm #254866
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    You’re welcome

    June 7, 2015 at 6:07 pm #254867
    Simone
    Participant
    • Topics: 2
    • Replies: 8
    • ☆

    I was talking about Minny. I went back to check the question which did state that liabilities were not considered in the recoverable amount. I saw where the confusion was….I disregarded that last sentence that is why I got confused. Got it now!

    June 7, 2015 at 6:24 pm #254873
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    The lesson learned? You can’t ignore anything! The examiner doesn’t write things in questions just to make the question longer!

    June 7, 2015 at 6:27 pm #254874
    Simone
    Participant
    • Topics: 2
    • Replies: 8
    • ☆

    I know right? I hang onto every word in exams and read it multiple times to make sure lol

    June 7, 2015 at 6:32 pm #254876
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    That’s the spirit!

  • Author
    Posts
Viewing 8 posts - 1 through 8 (of 8 total)
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