Alege limba:

  • English
  • Română

Submit a Paper

If you want to submit your paper, edited according to the Instruction to Authors, you may do it by pressing the button below.

 
 
 
 
 

Feedback form

 
 
 
 
 

Poll

We invite you to fill-in The Valuation Journal poll, which analyzes your opinion regarding the current trend of the Romanian economy, the level of risk premiums and the average capitalization rate to be considered when value Romanian enterprises and Real Estate Properties. The poll results will be published on The Valuation Journal website.

Thank you for your support.

 
 
 
 
 

Impairment of Assets – Challenges and Critical Acclaim of Current Impairment Provisions in Accordance with IAS 36, Impairment of Assets

Authors:

Corina Liana BULGARU
PricewaterhouseCoopers, Bucharest

Abstract:

International Accounting Standard No. 36 (IAS 36) Impairment of Assets is certainly one of the most challenging accounting standards issued by the International Accounting Standards Board (IASB). Significant attention has been paid to this standard on the onset and the aftermath of the financial crisis since management, auditors, investors and other relevant stakeholders had reasonable doubts as regards to the recognized values of companies’ assets, especially intangible assets, which are, due to their nature, most susceptible for potential impairments. Although various companies recorded significant impairments in recent years, many of them still have huge amounts of hidden reserves in their asset base. The implications of potential impairment losses are significant and challenge management, auditors and valuation experts to a large extent. Some of the IAS 36 provisions have been eased or have become questionable, especially after the issuance of International Financial Reporting Standard No. 13 (IFRS 13). This article sheds some light on the requirements and applications of IAS 36, with special emphasis on audit considerations and evaluates its relevance in the light of theoretical soundness and practicability under the current effective accounting framework.

 
 
 
 

Journal information

  • Edited by: IROVAL under ANEVAR guidance
  • ISSN: 1842-3787
  • Frequency: bi-annual
  • Current Volume: 12 (2), 2017
 
 
 
 
 

International Databases Listing

 
 
 
 
 

CNCSIS category B+

 
 
 
 
 
 

Journal Archive

 
 
 
 
 

Subscription

We invite you to subscribe to The Valuation Journal, by filling in the subscription form on our site.

 
 
 
 
 

Search for valuators