ACCAF七财务报告Intangibleassets幻灯片.pptVIP

Disclosure For each class of intangible assets, distinguishing between internally-generated intangible assets and other intangible assets Whether the useful life is finite or indefinite The useful life or amortisation rate used The amortisation method F7 * Example 5, p240 5b Dec04 Exercises 5a , Dec01 about changes in accounting policy (syllabus-A2) 3, Jun04: all-inclusive question 4b(i, ii) Dec09 F7 * IAS36 Impairment of assets Syllabus C8 Objective To ensure that the assets of the enterprise are carried at no more than their recoverable amount. It applies to PPE (IAS16) Investment Property measured at cost (IAS40) Intangible assets (IAS38) Goodwill (IFRS3) Investment in subsidiaries, associates and joint ventures (IAS27, 28, 31) p246 F7 * Definition Impairment a reduction in the recoverable amount of an asset below its carrying amount Recoverable amount the higher of fair value less costs to sell (net realizable value) or value in use Which decision is better, sell it or use it? Fair value less costs to sell (net realizable value) A binding sale agreement the amount at which an asset could be disposed of, less any direct selling costs. F7 * Continued Value in use the present value of the future cash flows obtainable as a result of an asset’s continued use, including those resulting from its ultimate disposal. calculated for individual assets if possible, otherwise for the smallest group of assets that provides largely independent income streams(CGU). using the pre-tax discount rate reflecting market rates and the risk specific to the asset. F7 * Example 1, p248 Application 1st step An enterprise should assess at each reporting date whether there is any indication that an asset may be impaired. External sources of information The asset’s market value has declined more than expected. Changes in the technological, market, economic or legal environment have had an adverse effect on the entity. Interest rates have changed, thus increasing the discount rate