|
Download Issue 54 (475 KB)
|
Issue 54: July 2006
FRS 136 “Impairment of Assets” requires that goodwill be allocated to the parts of the business that are expected to benefit from the acquisition from which the goodwill arose, test the goodwill for impairment and then disclose it in the financial statements at that level.
Management also now has to explain what the goodwill amount represents.
Each of these new requirements poses a challenge to many entities considering acquisitions. PwC Alert issue 54 looks at the practical issues behind these requirements.
|
PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
Publications Search Page
