Monday, December 20, 2010

Goodwill

Goodwill
U.S. GAAPIFRS
Reported asAssetAsset
Amortization?NoNo
frequency for impairment testAt least annuallyAt least annually
test for impairmentCV > FV of the company (*)CV > Recovervable amount(*)
different test with IFRS as abovedifferent test with U.S.GAAP as above
impairment losssamesame

(*) Impairment loss is recognized in this case.

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