PDF-64 THE DIFFERENCES BETWEEN REVALUATION AND ASSETS IMPAIRMENT

NICOLAE BOBIAN DIANA DUMITRESCU CARMEN COSTULEANUWEST UNIVERSITY OF TIMISOARA nicubobitanyahoocom dianadumigmailcom USAVM IASI ccostuleanuyahoocom Abstract Impairment and revaluation are. Investment Property. 1. Property, Plant & Equipment. PP&E is initially measured at cost. This includes all directly attributable costs to acquire and prepare the asset for its intended use.. ISA 16 states that start-up and pre-production costs are not capitalized unless the costs are a necessary part of bringing the asset to working condition.. PPE and intangible assets: Depreciation, amortization and impairment. Amortization. Impairment. Goodwill impairment. 1. . Amortization of capital assets . Since long-lived assets provide benefits over several years, the cost is allocated (matched) to the periods in which service are received from (revenues . Chapter 12 . Intangibles. © 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.. Where’s the Value?. Mark Fielding-Pritchard. mefielding.com. 1. Impairment . IAS 36. mefielding.com. 2. Current carrying value. Fair value less selling costs (Net . Realisable. Value). Value in Use. Recoverable Amount. Patrick Conroy. Managing . Valuer. May 2015. Format of the Presentation. Background . Revaluation versus Revision. Wind Farms pre and post revaluation. Appeal Provisions. The Valuation (Amendment) Act 2015. COMMUNITY . Questions That Are Often Asked When. A Municipality Is Undertaking A Revaluation. WHAT IS A REVALUATION?.  . A revaluation is a program undertaken by a municipality to appraise all real property to its fair market value. 4. : Impairment of Assets. Financial Accounting BFA201. Learning . Objectives. To demonstrate your understanding of the following:. How and when to revalue an item of property, plant and equipment. Upward revaluations to ‘fair value’ and downward revaluations to ‘recoverable amount’. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 11. Explain the accounting procedures for depletion . of mineral . resources.. Explain . the accounting for revaluations.. DEFINITIONS. NOT SAME. . IAS 36 was reissued in March 2004 and applies to goodwill and intangible assets acquired in business combinations for which the agreement date is on or after 31 March 2004, and for all other assets prospectively from the beginning of the first annual period beginning on or after 31 March 2004.. IN PRACTICE. SEMINAR – . 17 FEBRUARY 2016. PRESENTER: . Paula . Galloway. 2. 3. TIMETABLE FOR CHANGE. Opening balance sheet . (1 January . 2014). Comparative year balance sheet (31 . December 2014). At the end of this lesson, you should be able to:. Identify the current practice for accounting for intangible assets;. Apply the relevant accounting standard on intangible assets; . and. Appraise the principal issues in accounting for intangible assets.. , and . amortization of intangible . assets.. 2. Describe . the accounting for . various types . of intangible . assets.. 3. Explain . the accounting issues for recording goodwill.. LEARNING OBJECTIVES. Delinquent YouthKaren M Abram Jeanne Y Choe Jason J Washburn Erin G Romero Linda A Teplin and Elena D BassettThis bulletin is one in a series that presents the results of the Northwestern Juvenile Pro The Revaluation Process . 2. nd. October 2018. Declan Lavelle - Head of Valuation Services. Areas Covered. Valuation Office & Rating System in Ireland. Governing Legislation/Rateability. National Revaluation Programme.