Valuation Implications for the Goodwill Impairment Test in Accordance with IAS 36 "Impairment of Assets"

Sorin Petre and Lars Wiechen

The Valuation Journal, 2009, vol. 4, issue 1, 92-121

Abstract: Considering the significantly growing goodwill balances in IFRS financial statements and the recent economic developments in particular the annual goodwill impairment test became one of the epicentres for the preparation of financial statements in 2008. The impairment test's high complexity and lack of precise accounting guidance provides on the one hand an immense scope of discretion and room for interpretation which resulted in heterogeneous application of the standards IAS 36 and IFRS 3.

JEL-codes: G34 M41 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:vaj:journl:v:4:y:2009:i:1:p:92-121

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