上财财务会计课件 ch6.pptVIP

Ch6: IMPAIRMENT OF ASSETS Exam Context A full question could appear on this topic. If this happens, it would be most likely, part written, explaining your understanding of the concepts of accounting for impairments, together with a part covering calculations. Exam Overview 1 Re-coverable amount 2 Impairment indicators 3 Cash-generating units 4Recognition of impairment losses 5 After the impairment review 1 Re-coverable amount 1.3 Measuring the recoverable amount of the individual asset Higher value of Net selling price and value in use （a）The asset’s FV less cost to sell 销售净价 =Net selling price (NRV, net offer) =The sale price of the asset --selling costs (sale transaction cost) Alternative 1: Market value basis Alternative 2: Estimates basis Note: Net selling price (NRV) should exclude selling costs relating to restructuring or reorganization expenses, or any cost that have already been recognized in the accounts as liabilities. Reasons: Restructuring or reorganization expenses is underling with IFRS 5 “Non-current assets held for sale and discontinued operations” Provision cost is not related to NRV. (because assumed assets have been sold ) (b) value in use 使用价值/在用价值 PV of future estimated future net cash flows ( inflows minus outflows ) generated by the asset, including estimated net disposal value (if any ) at the end of its expected useful life. Excluding any cost that have already been recognized in the accounts as liabilities. E.g. Provision for dismantling and removing cost.( because these costs do not generate cash flows) Example p.4.1 1.4 Recognition and measurement of an impairment loss for individual assets An impairment loss is the amount by which the carrying amount (i.e. balance sheet value) of an asset exceeds its recoverable amount. Notes: p.65/p.104/p.108-109 Reversal of an impairment loss Note 1:The Impairment loss is charged first against the related revaluation surplus (Provision for impairment loss ) for the particula