Page 7 - Finac1 Test 3 slides - 3. Impairment of Assets
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TEST 3 PREPARATION
Outcomes
• Identify and allocating goodwill (and corporate assets) to
individual assets and cash generating units, and taking into
account non-controlling interest where applicable.
• Recognise and measure impairment losses for cash
generating units, taking goodwill into account.
• Recognise and measure the reversal of impairment losses
for individual assets, cash generating units and goodwill.
• Disclose impairment losses and the reversal of impairment
losses in the financial statements.
• Disclose information for each cash generating unit to which
goodwill or intangible assets with indefinite useful lives have
been allocated.
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