IFRIC 10 Interim Financial Reporting and Impairment

Last Updated on 12/02/2020 by 75385885

IFRIC 10 Interim Financial Reporting and Impairment

References

Background

1 An entity is required to assess goodwill for impairment at the end of each reporting period, and, if required, to recognise an impairment loss at that date in accordance with IAS 36. However, at the end of a subsequent reporting period, conditions may have so changed that the impairment loss would have been reduced or avoided had the impairment assessment been made only at that date. This Interpretation provides guidance on whether such impairment losses should ever be reversed.

2 The Interpretation addresses the interaction between the requirements of IAS Read more