menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GAAP - comparing the undiscounted cash flow to the carrying amount. As a result,
asked
Nov 26, 2021
10.9k
views
3
votes
"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GAAP - comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is"
Business
high-school
Saar Drimer
asked
by
Saar Drimer
8.2k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
6
votes
Answer:
As a result, the IFRS test is
more strict than U.S. GAAP.
Soltex
answered
Nov 29, 2021
by
Soltex
8.0k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
May 10, 2024
120k
views
In testing for recoverability of an operational asset, an impairment loss is required if the: a. Asset's BV > the undiscounted sum of expected future cash flows. b. Undiscounted sum of its expected future
Alexandru Diacov
asked
May 10, 2024
by
Alexandru Diacov
8.1k
points
Business
high-school
1
answer
2
votes
120k
views
asked
Jul 5, 2020
218k
views
IFRS accounting for impairments differs from GAAP in which of the following ways?(a)IFRS uses only a recoverability test in testing for impairment.(b)IFRS prohibits write-ups for recoveries of impairments
Able Mac
asked
Jul 5, 2020
by
Able Mac
7.9k
points
Business
college
1
answer
3
votes
218k
views
asked
Jun 25, 2024
66.6k
views
In the recoverability test, the estimated value of future cash flows should be A. unimpaired. B. discounted. C. undiscounted. D. impaired.
Maxime Lechevallier
asked
Jun 25, 2024
by
Maxime Lechevallier
7.6k
points
Business
high-school
1
answer
1
vote
66.6k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org