IAS 36 Flashcards
Impairment
Which Price in Fair Value is Relevant?
(IAS 36 Impairment)
Bid Price not Replacement and offer price
What is Recoverable value?
(IAS 36 Impairment)
Higher of F.V - CTS or V.I.U
Impair testing to waisa Event based huti ha Annual kab hugi 2 points btae?
(IAS 36 Impairment)
1)Intangible with indefinite life not Infinite i.e Goodwill
2)Intangible not yet available for use i.e Development Cost
If indicate Certain event what is the 3 steps?
(IAS 36 Impairment)
1) Expected impairment shall be Material
2) Recoverable Amount; And
3) Impairment loss
Impairment agr mid ma hu to kab yr end pa allow krta impairment?
(IAS 36 Impairment)
Jab Recoverable amount Yr end pa hu or discount factor bhi na hu.Then Carrying ko hum yr end pa la jae ga
Pehla Imp hugi ya Dep?
(IAS 36 Impairment)
Dep hugi to carrying amount aye gi.
IAS 36 does not apply to?
(IAS 36 Impairment)
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)
CTS ma konsi main 5 cost ati hea?
(IAS 36 Impairment)
1)Dismantling
2)Transportation
3)Brokerage
4)Incremental Employee Cost
5) Registration of Ownership Charges
Exception to CTS?
(IAS 36 Impairment)
1) Interest
2) Income Tax(Iska ilawa har Tax allowed)
3) Retaining Of staff
4) Appropriation Staff Cost
What is Value in Use?
(IAS 36 Impairment)
P.V of Future C.F.
Cash flows ma kya 2 cheez ati hea?
(IAS 36 Impairment)
1) Future Uses
2) Disposal
3 Exception to Value in Use?
(IAS 36 Impairment)
1) Interest(Bcz C.Flows are Discounted)
2)Overhauling(Ma future ma krou ga)
3) Debtors or payable to Accrued hou.
Transfer Pricing ma konsi value lea ga VIU ma?
(IAS 36 Impairment)
Market value le ga
Usually VIU zyada huti ya F.V-C.T.S?
(IAS 36 Impairment)
VIU 99% case ma zyada huti.
Cash Generating unit (CGU) mean?
(IAS 36 Impairment)
More than 1 asset used to generate cash.
VIU or F.V-CTS(Other is Not found) is higher than C.V?
(IAS 36 Impairment)
Not impaired (Bcz ik cheez zyada ha C.A sa to ofcourse impairment nahi hu gi)
C.v 100
V.I.U=80
F.v-Cts=N.Found.
What is impairment?
(IAS 36 Impairment)
Asset is impaired treat V.I.U as recoverable
C.v 100
V.I.U=Not found
F.V-CTS=80
(IAS 36 Impairment)
Not Possible(Bcz 99% case ma VIU zyada huti so F.V - CTS ko hum recoverable nahi lata
Steps in CGU for apportion of Impairment?
(IAS 36 Impairment)
1) First Goodwill nulify krea
2) Maximum Limit ka khiyal rakhna
C.A= 100 to maximum kitni impairment apportion hu sakti if individual Recoverable amount not given?
(IAS 36 Impairment)
100(Bcz carrying hi 100)
If C.A =100 F.V- CTS=80
to maximum kitni impairment apportion hu sakti?
(IAS 36 Impairment)
20
If C.A =100 F.V- CTS=80
VIU=50
to maximum kitni impairment apportion hu sakti?
(IAS 36 Impairment)
20
C.A=100
Impairment apportion=20
Recoverable amount=60
(IAS 36 Impairment)
20 hi hugi,maximum 40 ha.
Agr kisi ki apportion zyada ha or uski limit kam ha to difference ka kya huga?
(IAS 36 Impairment)
Baqi Assets pr apportion krdea ga
Stock Per NRV or Debtor per Provision ka imp krta waqt kab farq pra ga.
(IAS 36 Impairment)
Pehla in dono ka effect accout for krka Total C.A aye gi phir uska comparison krta Recoverable sa.
Good will ka 3 case konsa hea jab parent Subsidiary ko buy krta?
(IAS 36 Impairment)
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.
How to solve scenario 1 of Good Impairment Parent wholly owned Subsidiary which has not other CGU in othrr countries?
(IAS 36 Impairment)
1) First Goodwill nulify krea
2) Maximum Limit ka khiyal rakhna
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)
Individual per
1) First Goodwill nulify krea
2) Maximum Limit ka khiyal rakhna
Baqi Per no effect waisa hi likh do.
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)
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.
Corporate asset with Equal Benefit used?
(IAS 36 Impairment)
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.
Corporate Asset kya huta ha?
(IAS 36 Impairment)
Department jo sab CGU ko help krea.
What is the effect of Corporate Asset and Goodwill?
(IAS 36 Impairment)
Good will ma sab sa pehla isko nulify krta
C.Asset ma ma equal Impairment allocate huti isko like dosra CGU.
Steps of Corporate asset with unequal Benefit ?
(IAS 36 Impairment)
1) Individual ki Impairment.
2) Remaining allocate krdea CGU and Corporate Asset per excluding individual of step 1
Head office life= 20yr
A=10
B=20
C=15
(IAS 36 Impairment)
C.A pr allocate.
Head office life= 20yr
A=10
B=15
C=20
(IAS 36 Impairment)
Weightage lea ga= life x C.A
Agr 2 corporate asset dia ik proportionally distribute hu sakta dosra nahi to kia kya jae Steps btae?
(IAS 36 Impairment)
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
Synergy or non synergy ka kya concept ha?
(IAS 36 Impairment)
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)
IAS36 ma net asset share Propotionte and F.v ma kaisa nikalta?
(IAS 36 Impairment)
Proptionate: Net Asset x Personal share %
F.V : Net Asset - NCI share F.V
IAS Revaluation model pr kis trha IMP allow?
(IAS 36 Impairment)
First R.Surplus nulify then Cost
Reversal of Imp maximum kitni hoti ha?
(IAS 36 Impairment)
Old Impairment - Less Dep deduct.
Dismantling ka kya effect ata imp pr?
(IAS 36 Impairment)
No effect same answer ha lakin Used krlana paper ma.
Overhauling or dismantling ka kya effect huta VIU ma?
(IAS 36 Impairment)
Dono ma same step hi ata bus Dismantling cost CA ma add nahi huti cost after 4yr wali.
Overhauling or dismantling ka C.Flows kab lea ga?
(IAS 36 Impairment)
Overhauling ma jab Cost incurred hujae.
Dismantling ma jab Committed hujae.
Not allocate Of Head office and research centre ka case ma kia steps ata?
(IAS 36 Impairment)
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)
Jab ik department allocate hu sakta ik nahi phir kya steps hea?
(IAS 36 Impairment)
A) Jo allocate hu usko C.A ma add krka imp krdo
B) Phir R.C ko add krdo Imp ma phit comapre krdo.
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)
A) Individual Impairent
B) CGU not allocate (shaheen wala ma)
