IAS 34Chapter 7Lesson 1
Links with other standards: goodwill, earnings per share, tax, fair value and IFRS 18
Step 1 of 7Learning objectives
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IAS 34 organises the interim report; a goodwill impairment loss is not reversed, earnings per share follow IAS 33, deferred tax belongs to IAS 12, fair value to IFRS 7 and IFRS 13, and IFRS 18 remains a separate follow-up.
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Learning objectives
- Explain that an interim goodwill impairment loss is not reversed, despite the cumulative measurement.
- Calculate goodwill after an interim impairment loss without reversal and record it.
- Distinguish what IAS 34 says on earnings per share and tax from what IAS 33 and IAS 12 say.
- Place fair value disclosures and the IFRS 18 follow-up in relation to IAS 34.