Requirements and accounting procedure of the International Standard of Financial Reporting No. 36 “Impairment of Assets”
Keywords:
External sources, internal sources, recoverable amount, value of use, fair value, impairment of assetsAbstract
The primary objective of an International Standard is to establish the procedures that an entity uses to account for its assets at a value not greater than their recoverable amount. If the carrying amount of an asset exceeds the amount that would be recovered from its use or sale, the asset is characterized as impaired and the standard requires the entity to recognize an impairment loss.
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References
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Baydibekova S.K. “Accounting for impairment of assets according to international financial reporting standards in the republic of Kazakhstan”. // International Accounting Volume 21, Issue 10, March 2018, Pages 52-56.
Abdurahmanova A.U, Koraboyev B.S, Mishchenko V.V. “Accounting for impairment of assets in accordance with international financial reporting standards” // Economy, profession, business ISSN 657.34.57 Pages 3-5.
