IAS 36

Question 1

Which Price in Fair Value is Relevant?

(IAS 36 Impairment)

Answer 1

Bid Price not Replacement and offer price

Question 2

What is Recoverable value?

(IAS 36 Impairment)

Answer 2

Higher of F.V - CTS or V.I.U

Question 3

Impair testing to waisa Event based huti ha Annual kab hugi 2 points btae?

(IAS 36 Impairment)

Answer 3

1)Intangible with indefinite life not Infinite i.e Goodwill

2)Intangible not yet available for use i.e Development Cost

Question 4

If indicate Certain event what is the 3 steps?

(IAS 36 Impairment)

Answer 4

1) Expected impairment shall be Material

2) Recoverable Amount; And

3) Impairment loss

Question 5

Impairment agr mid ma hu to kab yr end pa allow krta impairment?

(IAS 36 Impairment)

Answer 5

Jab Recoverable amount Yr end pa hu or discount factor bhi na hu.Then Carrying ko hum yr end pa la jae ga

Question 6

Pehla Imp hugi ya Dep?

(IAS 36 Impairment)

Answer 6

Dep hugi to carrying amount aye gi.

Question 7

IAS 36 does not apply to?

(IAS 36 Impairment)

Answer 7

1) Inventrory( IAS 2)

2) Debtor( generate IFRS 15 and Impaired on IFRS 9

3) D.Tax (IAS 12)

4) Financial Asset ( IFRS 9)

5) Investment Property (IAS 40)

6) Biological Asset ( IAS 41)

7) NCA held for Sale ( IFRS 5)

Question 8

CTS ma konsi main 5 cost ati hea?

(IAS 36 Impairment)

Answer 8

1)Dismantling

2)Transportation

3)Brokerage

4)Incremental Employee Cost

5) Registration of Ownership Charges

Question 9

Exception to CTS?

(IAS 36 Impairment)

Answer 9

1) Interest

2) Income Tax(Iska ilawa har Tax allowed)

3) Retaining Of staff

4) Appropriation Staff Cost

Question 10

What is Value in Use?

(IAS 36 Impairment)

Answer 10

P.V of Future C.F.

Question 11

Cash flows ma kya 2 cheez ati hea?

(IAS 36 Impairment)

Answer 11

1) Future Uses

2) Disposal

Question 12

3 Exception to Value in Use?

(IAS 36 Impairment)

Answer 12

1) Interest(Bcz C.Flows are Discounted)

2)Overhauling(Ma future ma krou ga)

3) Debtors or payable to Accrued hou.

Question 13

Transfer Pricing ma konsi value lea ga VIU ma?

(IAS 36 Impairment)

Answer 13

Market value le ga

Question 14

Usually VIU zyada huti ya F.V-C.T.S?

(IAS 36 Impairment)

Answer 14

VIU 99% case ma zyada huti.

Question 15

Cash Generating unit (CGU) mean?

(IAS 36 Impairment)

Answer 15

More than 1 asset used to generate cash.

Question 16

VIU or F.V-CTS(Other is Not found) is higher than C.V?

(IAS 36 Impairment)

Answer 16

Not impaired (Bcz ik cheez zyada ha C.A sa to ofcourse impairment nahi hu gi)

Question 17

C.v 100
V.I.U=80
F.v-Cts=N.Found.
What is impairment?

(IAS 36 Impairment)

Answer 17

Asset is impaired treat V.I.U as recoverable

Question 18

C.v 100
V.I.U=Not found
F.V-CTS=80

(IAS 36 Impairment)

Answer 18

Not Possible(Bcz 99% case ma VIU zyada huti so F.V - CTS ko hum recoverable nahi lata

Question 19

Steps in CGU for apportion of Impairment?
(IAS 36 Impairment)

Answer 19

1) First Goodwill nulify krea

2) Maximum Limit ka khiyal rakhna

Question 20

C.A= 100 to maximum kitni impairment apportion hu sakti if individual Recoverable amount not given?

(IAS 36 Impairment)

Answer 20

100(Bcz carrying hi 100)

Question 21

If C.A =100 F.V- CTS=80
to maximum kitni impairment apportion hu sakti?

(IAS 36 Impairment)

Answer 21

20

Question 22

If C.A =100 F.V- CTS=80
VIU=50
to maximum kitni impairment apportion hu sakti?

(IAS 36 Impairment)

Answer 22

20

Question 23

C.A=100
Impairment apportion=20
Recoverable amount=60

(IAS 36 Impairment)

Answer 23

20 hi hugi,maximum 40 ha.

Question 24

Agr kisi ki apportion zyada ha or uski limit kam ha to difference ka kya huga?

(IAS 36 Impairment)

Answer 24

Baqi Assets pr apportion krdea ga

Question 25

Stock Per NRV or Debtor per Provision ka imp krta waqt kab farq pra ga.

(IAS 36 Impairment)

Answer 25

Pehla in dono ka effect accout for krka Total C.A aye gi phir uska comparison krta Recoverable sa.

Question 26

Good will ka 3 case konsa hea jab parent Subsidiary ko buy krta?

(IAS 36 Impairment)

Answer 26

1) Parent wholly owned Subsidiary which has not other CGU in othrr countries.

2) Parent buy subsidiary which has CGU in different countries and price is allocated on separate item and Good will is find.

3) Parent buy subsidiary which has CGU in different countries and price is not allocated on separate item and so Good will is not find.

Question 27

How to solve scenario 1 of Good Impairment Parent wholly owned Subsidiary which has not other CGU in othrr countries?

(IAS 36 Impairment)

Answer 27

1) First Goodwill nulify krea

2) Maximum Limit ka khiyal rakhna

Question 28

How to solve scenario 2 of Goodwill Impairment Parent owned Subsidiary which has other CGU in other countries and separate value is allocated?

(IAS 36 Impairment)

Answer 28

Individual per

1) First Goodwill nulify krea

2) Maximum Limit ka khiyal rakhna

Baqi Per no effect waisa hi likh do.

Question 29

How to solve scenario 3 of Goodwill Impairment Parent owned Subsidiary which has other CGU in other countries but separate value is not allocated?

(IAS 36 Impairment)

Answer 29

Step 1:Indvidual ki Impairment without effect on goodwill.

Step 2:Free Total Goodwill.

Step 3:Remaining baqi assets pr apportion exclude individual jiski already Impairment hu gye ha.

Question 30

Corporate asset with Equal Benefit used?

(IAS 36 Impairment)

Answer 30

Step 1
Head office ko total number of Department pr divide karka apportion krlo.

Step 2(Imp)
Individual and Corporate pr Impairment equal distribute hugi.

Question 31

Corporate Asset kya huta ha?

(IAS 36 Impairment)

Answer 31

Department jo sab CGU ko help krea.

Question 32

What is the effect of Corporate Asset and Goodwill?

(IAS 36 Impairment)

Answer 32

Good will ma sab sa pehla isko nulify krta

C.Asset ma ma equal Impairment allocate huti isko like dosra CGU.

Question 33

Steps of Corporate asset with unequal Benefit ?

(IAS 36 Impairment)

Answer 33

1) Individual ki Impairment.

2) Remaining allocate krdea CGU and Corporate Asset per excluding individual of step 1

Question 34

Head office life= 20yr

A=10
B=20
C=15

(IAS 36 Impairment)

Answer 34

C.A pr allocate.

Question 35

Head office life= 20yr

A=10
B=15
C=20

(IAS 36 Impairment)

Answer 35

Weightage lea ga= life x C.A

Question 36

Agr 2 corporate asset dia ik proportionally distribute hu sakta dosra nahi to kia kya jae Steps btae?

(IAS 36 Impairment)

Answer 36

1) Agr Life ma masla to Weightage nahi to Carrying amount hi rehna dea

2)Apportion that asset jo hu sakta inko CA ya Weightage ki base pr.

3) Ab Total C.A(Old CA+Corporate asset proption) ko ki recoberable ka sath compare krka impair nikalni ha.

4.Us impairment ko Old CA+Corporate asset Pr distribute krdea.

5) Ab Jo Corporate asset jo imp nahi huta
iska liyeTotal C.A of CGU ko compare krea Recoverable amount sa jo Impairment aye usa only isi asset pr apportion krna

Question 37

Synergy or non synergy ka kya concept ha?

(IAS 36 Impairment)

Answer 37

1) Synery jo humna extra amount pay ki kue ka mujha zyada faida da rha tha(No treatment in IAS 36)

2) Non synergy Jo uski normal Goodwill ha(Used in IAS 36 as impairment)

Question 38

IAS36 ma net asset share Propotionte and F.v ma kaisa nikalta?

(IAS 36 Impairment)

Answer 38

Proptionate: Net Asset x Personal share %

F.V : Net Asset - NCI share F.V

Question 39

IAS Revaluation model pr kis trha IMP allow?

(IAS 36 Impairment)

Answer 39

First R.Surplus nulify then Cost

Question 40

Reversal of Imp maximum kitni hoti ha?

(IAS 36 Impairment)

Answer 40

Old Impairment - Less Dep deduct.

Question 41

Dismantling ka kya effect ata imp pr?

(IAS 36 Impairment)

Answer 41

No effect same answer ha lakin Used krlana paper ma.

Question 42

Overhauling or dismantling ka kya effect huta VIU ma?

(IAS 36 Impairment)

Answer 42

Dono ma same step hi ata bus Dismantling cost CA ma add nahi huti cost after 4yr wali.

Question 43

Overhauling or dismantling ka C.Flows kab lea ga?

(IAS 36 Impairment)

Answer 43

Overhauling ma jab Cost incurred hujae.

Dismantling ma jab Committed hujae.

Question 44

Not allocate Of Head office and research centre ka case ma kia steps ata?

(IAS 36 Impairment)

Answer 44

A) With CGU impair krdena.

B) Small CGU (Jisma koi specific 2department pr allocate huta)

C) Grand CGU(Sab ko add krdena ha phir akela CGU pr effect lana)

Question 45

Jab ik department allocate hu sakta ik nahi phir kya steps hea?

(IAS 36 Impairment)

Answer 45

A) Jo allocate hu usko C.A ma add krka imp krdo

B) Phir R.C ko add krdo Imp ma phit comapre krdo.

Question 46

Agar kabhi individual ko humna Comparison krdia hu then wo jab bhi grand CGU ma jae ga impair nahi huga ya kaha kaha lagta ha?

(IAS 36 Impairment)

Answer 46

A) Individual Impairent

B) CGU not allocate (shaheen wala ma)