Section 27: Impairment of Assets Impairment occurs when the carrying amount of an asset exceeds its recoverable amount. Inventory: impairment loss recognised in profit or loss when selling price less costs to complete and sell is lower than its carrying amount at reporting date; when circumstances...
Reporting impairment of financial assets application of FRS 26 (IAS 39).(Financial Reporting)Connolly, Patrick
FRED 65 Draft amendments to FRS 101 Reduced Disclosure Framework – notification of shareholders published Comments closed on 14 October 2016. 13 December 2016 Amendments to FRS 101 and FRS 102 - Notification of shareholders The amendments are effective for accounting periods beginning on or after ...