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Financial Accounting Exam Tutorial: Impairment of Assets _1_ counseling exam

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					Financial Accounting Exam Tutorial: Impairment of Assets (1) counseling exam

 financial accounting test counseling asset impairment

 an overview of the asset impairment
 (1) Impairment of assets
 definition of impairment of assets, is the asset's recoverable amount is lower than its
book value.
 (b) Impairment of assets of the features: the recoverable amount is lower than its
book value.

 If an asset's recoverable amount is higher than its book value, no impairment of the
asset, no impairment losses recognized, and provision for asset impairment. If an
asset's recoverable amount is lower than its book value, the asset would be impaired,
shall be recognized asset impairment losses and provision for asset impairment.
 discussion in this chapter mainly refers to the impairment of assets by the equity
method of long-term equity investments, fixed assets, intangible assets and
construction in progress and so on.

  2, the asset group
  Asset Group ---- that companies can identify the smallest group of assets, its cash
flows should be largely independent of other assets or cash flows generated by asset
group .
  Asset Group features:
  group generated by the asset cash inflows largely independent of other assets or cash
flows generated by the asset group, and is recognized by the smallest portfolio.
  ---- enterprise asset group should be identified in order to generate the asset group is
the main cash flows independent of other assets, cash flow or asset group basis, and
should also consider the management of enterprise production and operation
management of the way (the case in accordance with the production line, business
type or by region or area, etc.) and the continued use or disposal of assets,
decision-making methods.
  company can not determine if the individual asset's recoverable amount, the asset
group should be identified.
  in the following circumstances, the enterprise can not determine the individual
asset's recoverable amount:
  (1) assets estimated present value of future cash flows and asset fair value less costs
of disposal is not close to the net ;
  (2) the continued use of the assets will not generate largely independent from other
assets or asset group that generates cash inflows of cash flows. / Center>

				
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