Impairment loss on account of Goodwill can not be reversed as per IAS 36. True or False?

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Rashad Moursi
15-May-2014

Accounting Cost Accounting Financial Accounting sap fico Finance

Question added by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store
Date Posted: 2017/04/24

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2 Answers

by Emmanuel Orock

YES BECAUSE Goodwill is an intangible asset. following IAS 36 it is prohibited to recover the loss upon impairment of Goodwill.

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Azhar Nadeem ACCA CIA

by Azhar Nadeem ACCA CIA , Senior Internal Auditor , Al Bayader International LLC

According to IAS "Impairment of Assets" Reversal of Impairment loss for goodwill is prohibited.

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