Review of indications of impairment and reversal
Injection press: indications, recoverable amount and revised depreciation
≈ 30 minWorkpapers
Can you document your analysis and your accounting treatment like a professional? Each mission starts from a real file and ends with a review.
How a mission works
Numbered sections, like a professional working paper: objective, data, pieces, analysis, calculations, entries, conclusion; then a reviewer reviews.
- 1Objective
- 2Data
- 3Documents
- 4Analysis
- 5Calculation
- 6Entries
- 7Judgment
- 8Conclusion
- 9References
L1Foundation(3)
Foundation Foundation Recoverable amount: fair value less costs of disposal and value in use
Injection press: indications, recoverable amount and revised depreciation
≈ 45 minFoundation Impairment loss on an individual asset
Injection press: indications, recoverable amount and revised depreciation
≈ 35 min
L2Intermediate(1)
Intermediate Recoverable amount: fair value less costs of disposal and value in use
Value in use of a packaging line: projections, exclusions and rate
≈ 45 min
L3Advanced(5)
Advanced Cash-generating unit, goodwill and corporate assets
Unit B — plant and equipment
Cash-generating unit with goodwill and head office: allocation of the loss · Situation 1 of 3
≈ 60 minAdvanced Cash-generating unit, goodwill and corporate assets
Unit B — share of the head office
Cash-generating unit with goodwill and head office: allocation of the loss · Situation 2 of 3
≈ 60 minAdvanced Cash-generating unit, goodwill and corporate assets
Unit B — buildings
Cash-generating unit with goodwill and head office: allocation of the loss · Situation 3 of 3
≈ 60 minAdvanced Impairment loss on an individual asset
Revalued asset: IAS 16 revaluation, then IAS 36 impairment loss and capped reversal
≈ 35 minAdvanced Reversal of an impairment loss
Revalued asset: IAS 16 revaluation, then IAS 36 impairment loss and capped reversal
≈ 40 min
L4Expert(18)
Expert Cash-generating unit, goodwill and corporate assets
Subsidiary with non-controlling interests: notional goodwill, loss and disclosures
≈ 60 minExpert Allocation of goodwill to units
Subsidiary with non-controlling interests: notional goodwill, loss and disclosures
≈ 30 minExpert Impairment note
Subsidiary with non-controlling interests: notional goodwill, loss and disclosures
≈ 35 minExpert Review of indications of impairment and reversal
Pumps unit
Professional file: annual impairment review of an industrial group · Situation 1 of 3
≈ 30 minExpert Review of indications of impairment and reversal
Valves unit
Professional file: annual impairment review of an industrial group · Situation 2 of 3
≈ 30 minExpert Review of indications of impairment and reversal
Line M7
Professional file: annual impairment review of an industrial group · Situation 3 of 3
≈ 30 minExpert Allocation of goodwill to units
Professional file: annual impairment review of an industrial group
≈ 30 minExpert Cash-generating unit, goodwill and corporate assets
Pumps unit — plant and equipment
Professional file: annual impairment review of an industrial group · Situation 1 of 4
≈ 60 minExpert Cash-generating unit, goodwill and corporate assets
Pumps unit — Hydra brand
Professional file: annual impairment review of an industrial group · Situation 2 of 4
≈ 60 minExpert Cash-generating unit, goodwill and corporate assets
Pumps unit — share of the centre
Professional file: annual impairment review of an industrial group · Situation 3 of 4
≈ 60 minExpert Cash-generating unit, goodwill and corporate assets
Services unit
Professional file: annual impairment review of an industrial group · Situation 4 of 4
≈ 60 minExpert Recoverable amount: fair value less costs of disposal and value in use
Professional file: annual impairment review of an industrial group
≈ 45 minExpert Impairment loss on an individual asset
Professional file: annual impairment review of an industrial group
≈ 35 minExpert Reversal of an impairment loss
Professional file: annual impairment review of an industrial group
≈ 40 minExpert Impairment note
Note — property, plant and equipment
Professional file: annual impairment review of an industrial group · Situation 1 of 4
≈ 35 minExpert Impairment note
Note — line M7
Professional file: annual impairment review of an industrial group · Situation 2 of 4
≈ 35 minExpert Impairment note
Note — Pumps unit
Professional file: annual impairment review of an industrial group · Situation 3 of 4
≈ 35 minExpert Impairment note
Note — Services unit
Professional file: annual impairment review of an industrial group · Situation 4 of 4
≈ 35 min