Goodwill on Amortisation - IFRS v IAS Flashcards
1
Q
UK GAAP - Regarding amortisation
A
Amortised over useful economic life, with rebuttable presumption that this should not exceed 10 years.
2
Q
IFRS - Regarding impairment
A
Subject to annual impairment review - with amortisation prohibited.
3
Q
UK GAAP - Acquisition related costs
A
Capitalised
4
Q
IFRS acquisition reltaed costs
A
Expensed
5
Q
UK GAAP - NCI Measured at?
A
Proportionate method
6
Q
IFRS - NCI measured at?
A
Proportionate or Fair value
7
Q
UK GAAP - Contingent consideration
A
Only recognise if probable and can be measured reliably
8
Q
IFRS - Contingent consideration
A
Recognise contingent consideration at its fair value at acquisition date
