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Journal articles on the topic 'Impairment of Assets'

Author: Grafiati

Published: 4 June 2021

Last updated: 31 May 2022

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1

Morales, Emmanuel Garcia, and Nicholas Reed. "Early Retirement and Sensory Impairments: The Modifying Effect of Total Assets." Innovation in Aging 5, Supplement_1 (December 1, 2021): 441. http://dx.doi.org/10.1093/geroni/igab046.1712.

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Abstract Sensory impairments are common among older adults. Little is known on the association between sensory impairments, which impact labor productivity, and the effect modification of wealth. We used the 2006-2018 rounds of the Health and Retirement Study. Hearing (HI) and vision (VI) impairments (self-report) at baseline, and working status throughout the study period was observed. Logistic regression models, adjusted for demographic, socioeconomic, and health characteristics, were used to characterize the association of sensory impairment and early retirement (i.e., before age 65). Secondary analysis stratified by assets. Among 1,688 adults ages 53-64, 1,350 had no impairment, 140 had HI only, 141 VI only, and 57 had dual sensory impairment (DSI). Only adults with HI had higher odds of early retirement (Odds Ratio [OR]: 1.6; 95% Confidence Interval [CI]: 1.0,2.5) relative to those without sensory impairment. Among those with large assets, those with HI had higher odds (OR:2.6, 95% CI: 1.4,5.2) and those with VI had lower odds (OR. 0.37; 95% CI: 0.2,0.8) of early retirement. Among the low asset group, we found no differences across impairment groups for the odds of retirement. In sample of older adults, we provide evidence that the presence of hearing impairment is associated early retirement. Secondary analyses suggest wealth may modify this association which highlights the wealth disparities faced by people with sensory impairments.

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Penner, James, Jerry Kreuze, and Sheldon Langsam. "Long-Lived Asset Impairments in the Shipping Industry and the Impact on Financial Statement Ratios: Comparing U.S. GAAP and IFRS Standards." International Journal of Accounting and Financial Reporting 3, no. 2 (October 11, 2013): 76. http://dx.doi.org/10.5296/ijafr.v3i2.4226.

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In this paper, we investigate asset impairment standards particularly as they relate to differences between United States generally accepted accounting principles (US GAAP) and international financial reporting standards (IFRS) for the impairment of long-lived assets in the shipping industry and the corresponding impact on financial statement analysis ratios. Our study provides evidence that return on assets and asset turnover ratios diverge significantly as a result of the difference between US GAAP and IFRS on asset impairments within the shipping industry. Reporting differences between US GAAP and IFRS can impede the comparability of financial reporting. Asset impairment accounting differences can have significant differences for companies reporting under these two accounting standards.

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3

Santos, Odilanei Morais dos, Ariovaldo dos Santos, and Paula Danyelle Almeida da Silva. "Recognition of losses to impairment of assets: impairment in oil operation and production assets." Brazilian Business Review 8, no. 2 (June 30, 2011): 66–91. http://dx.doi.org/10.15728/bbr.2011.8.2.4.

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4

Gonin, V., E. Panchenko, E. Kibireva, and O. Nomokonova. "EFFICIENCY OF FIXED ASSETS REVALUATION AS A METHOD OF ASSET MANAGEMENT." Transbaikal state university journal 27, no. 3 (2021): 99–112. http://dx.doi.org/10.21209/2227-9245-2021-27-3-99-112.

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The method of asset management in connection with the development of the economic accounting system of financial and economic activity: accounting practices, practices, representation and compilation of accounting (financial) accounts of companies is described. This development is related to the use of international financial reporting standards, which are integrated into domestic practice. The aim of the study is to organize the effectiveness of fixed assets revaluation as an asset management method. To achieve the goal, the objectives are: to investigate the effectiveness of revaluation and impairment in the management of major funds; systematizing the overall stages of the method of assessing the value of fixed assets in revaluation and impairment; exploring opportunities to expand approaches to analyzing changes in balance sheet performance, financial performance reporting and financial performance in the asset management system. The object of the study is the cost of fixed assets. The authors have examined the method of revaluation and impairment, selected approaches to the study of the effectiveness of revaluation for the purpose of strategic and tactical asset management. The authors conclude that a comprehensive approach to asset management is needed when reevaluating the value of fixed assets. A comprehensive approach should be based on the development of revaluation and impairment techniques to analyze the effectiveness of the financial and economic system and balance sheet control and the financial performance report in strategic and tactical asset management

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5

Kaipova, G. S., D. I. Zakirova, and N. Berdimurat. "Methodology for testing assets for impairment during the coronavirus pandemic." Bulletin of "Turan" University, no. 4 (December 28, 2021): 62–69. http://dx.doi.org/10.46914/1562-2959-2021-1-4-62-69.

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Accounting for the impairment of assets is one of the difficult issues in the preparation of financial statements. However, despite the considerable attention of domestic and foreign accounting science to tangible and intangible assets, the methodological apparatus for analyzing the procedure of asset impairment remains insufficiently developed. Issues that take into account the specifics of the development of the economic environment for the functioning of companies, the state and degree of the accounting and financial reporting system have not been worked out, which requires a comprehensive study of methodological issues of checking assets for impairment. Assessing whether an asset has decreased in value can be highly subjective and impairment can appear as a failure of directors, prompting management to underestimate the impairment loss. An impairment loss could have a material effect on a company's financial statements if the assets are overvalued. The main difficulties lie in recognizing when it is necessary to conduct impairment tests, applying the value in use and determining the cash-generating unit (CGU). In some cases, the application of the standard may be difficult, and therefore companies may inadvertently include distorted data in the reporting. The article discusses the application of the rules for determining indicators of impairment during the coronavirus pandemic. Particular attention is paid to the consideration of the principles and procedures of IFRS IAS 36, which apply to the impairment of assets in the form of a right of use. Based on the results of this study, several recommendations have been compiled for accountants who need to conduct an impairment test.

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6

CHEN, CHING-LUNG, and CHEI-WEI WU. "DIAGNOSING ASSETS IMPAIRMENT BY USING RANDOM FORESTS MODEL." International Journal of Information Technology & Decision Making 11, no. 01 (January 2012): 77–102. http://dx.doi.org/10.1142/s0219622012500046.

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This study develops a diagnosing model to examine the outcomes of assets write-off in enriching the literatures of assets impairment. Prior studies employed the Logit, linear and Tobit regression models to classify the determination of assets impairment and to diagnose the magnitude of the impairment, respectively. However, the drivers of assets write-off are somewhat complicated explicitly or implicitly, these models are unlikely to provide fairly satisfactory results. To improve the diagnosis, the Random Forests model is used for the classification determining and the magnitude diagnosing of assets impairment in this study. The result reveals that the Random Forests model outperforms the Logit and linear regression models in each case with variables selected by individual wrapping approach. This study also demonstrates diagnostic checks for both models with similar selected variables. The results are robust to these various specifications.

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7

Alborov, R. A., L. I. Khoruzhy, Kontsevaya S. M. Kontsevaya S. M., G. R. Alborov, and N. L. Denisova. "Accounting for confession, impairment and writing of fixed assets." Buhuchet v sel'skom hozjajstve (Accounting in Agriculture), no. 12 (December 10, 2021): 6–14. http://dx.doi.org/10.33920/sel-11-2112-01.

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The article deals with the organization and methodological aspects of fixed assets accounting. Disclosed problematic points in the accounting of fixed assets. The primary documents on registration and accounting of receipts and write-offs of fixed assets are presented. Proposals have been determined for the reflection on the accounts of accounting transactions in the directions of receipts and the reasons for the write-off of fixed assets. The method of accounting for operations on impairment of fixed assets is recommended.

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8

Oghoghomeh, Tennyson,, and Fynface N. Akani. "Assets Impairment Testing: An Analysis of IAS 36." African Research Review 10, no. 1 (February 3, 2016): 178. http://dx.doi.org/10.4314/afrrev.v10i1.14.

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9

김확열. "Economical Consequences and Earnings management of Assets Impairment." Korea International Accounting Review ll, no. 29 (February 2010): 69–83. http://dx.doi.org/10.21073/kiar.2010..29.004.

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10

Maryasin, А. М. "The Methodology of Non-Financial Assets Impairment Recognition." Financial Journal, no. 6 (2018): 128–35. http://dx.doi.org/10.31107/2075-1990-2018-6-128-135.

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11

Munter, Paul. "Restructurings: How do they affect impairment of assets?" Journal of Corporate Accounting & Finance 4, no. 3 (1993): 339–44. http://dx.doi.org/10.1002/jcaf.3970040309.

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12

Banker, Rajiv D., Sudipta Basu, and Dmitri Byzalov. "Implications of Impairment Decisions and Assets' Cash-Flow Horizons for Conservatism Research." Accounting Review 92, no. 2 (July 1, 2016): 41–67. http://dx.doi.org/10.2308/accr-51524.

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ABSTRACT Accountants examine multiple indicators when assessing whether individual assets are impaired. Different indicators predict cash flows over varying time horizons, and their importance varies with how far into the future individual assets are expected to generate cash flows. We predict that earnings exhibits asymmetric timeliness with respect to multiple indicators, including stock return, sales change, and operating cash flow change, which differentially explain write-downs of current assets, long-lived tangible assets, and indefinite-lived goodwill. We predict an interaction effect between indicators, such that the total impact of several consistent indicators is greater than the sum of their individual impacts. Empirical estimates for U.S. firms are consistent with our predictions and yield new insights about the effects of multiple indicators for both conservatism and impairment research. Our multi-indicator asymmetric models also change inferences about the relative explanatory power of economic factors versus reporting incentives in asset impairments. JEL Classifications: G32; L25; M41; M42.

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13

Li, Yin Xiang. "The Construction Process and Effectiveness of the Asset Impairment Standard System in China." Advanced Materials Research 452-453 (January 2012): 374–78. http://dx.doi.org/10.4028/www.scientific.net/amr.452-453.374.

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During the past decade, criterion system of impairment of Assets has experienced a process from scratch and scattered to highly-developed in China. So far, “Accounting Standards for Enterprises No. eighth -- Asset Impairment ” has been implemented for nearly five years, and listed companies had compiled interim and annual reports during the 2007-2011 period which experienced a good condition overall. It is a significant breakthrough in the processing of accounting standards and accounting system, which constructs and consummates the system of asset impairment standard, require enterprises to reflect the value of the asset fairly and prevent inflated profits from property price foam. Introduction In recent years, the International and the domestic practice indicates that, in order to reflect the true value of the assets reliably, so as to improve the quality of accounting information, and reduce the uncertainty in decision-making, relevant accounting standards for recognition, measurement and presentation about asset impairment must be developed and implemented. During the past decade, criterion system of impairment of Assets experiences a process from scratch and scattered to highly-developed. In February 15, 2006, Ministry of Finance of the People’s Republic of China issued the "Accounting Standards for Enterprises No. eighth -- Asset Impairment" (Ministry of finance, PRC, 2006a), which regarding as the complete establishment of Chinese asset impairment standard system. Based on the experience of formulation and implement the accounting system and accounting standards, the Ministry of Finance drew some lessons from international accounting standards, and adopted the mode of “basic standard of impairment of Asset commanding other relative individual specific standards” to build asset impairment standard system, which has strong international significance.

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14

Lee, Kin-Wai, Cheng-Few Lee, and Gillian Hian-Heng Yeo. "Does CEO Power Affect the Association Between CEO Compensation and Tangible Assets Impairments?" Review of Pacific Basin Financial Markets and Policies 24, no. 01 (March 2021): 2150005. http://dx.doi.org/10.1142/s0219091521500053.

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This paper examines the association between CEO compensation and tangible long-lived assets impairment. We find that the level of CEO compensation is negatively associated with the tangible long-lived assets impairment charges. We also document that in firms with CEOs who have more decision-making power, the negative association between CEO compensation and tangible long-lived assets impairment charges is mitigated. Specifically, the negative association between CEO compensation and tangible long-lived assets impairment charges is less pronounced (1) when CEO chairs the board, (2) when CEO is the founder of the firm, (3) when the CEO is involved in the director selection process, and (4) when overall board independence is low.

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15

Adebisi, Adewale Joel, Adeyemi Wasiu Alabi, and Kolawole Fatimehin. "INFLUENCE OF RISK ASSETS IMPAIRMENT ON PERFORMANCE OF NIGERIAN LISTED DEPOSIT MONEY BANKS." International Journal of Accounting & Finance Review 5, no. 3 (October 19, 2020): 41–63. http://dx.doi.org/10.46281/ijafr.v5i3.822.

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Profitability is critical to the survival of Nigerian deposit money banks which is consistently been eroded by the impaired risk assets. Hence, this study was conducted to examine influence of risk assets impairment on performance of Nigerian deposit money banks. The specific objectives of the study were to; (i) determine the effect of impairment loss on operating profit; (ii) analyze effect non-performing loans ratio affect return on assets of Nigerian deposit money banks. Secondary data were collected and analysed using fixed and random effect regression analysis methods from a sample of 14 listed Nigerian deposit money banks. The study revealed that impairment loss, have significant negative relationship with operating profit (β=2.294, p‹ 0.01) and non-performing loan ratio have significant positive relationship with return on assets (β=0.067, p‹ 0.1). However, other variables such as inflation, liquidity and gross domestic product per capital also have effect on banks performance. The study concluded that risk assets impairment has significant negative influence on performance and that inflation, liquidity and gross domestic product have negative impact on profitability, while bank size has positive impact on profitability. The study recommended that; bank directors should put effective risk assets impairment test in place to boost reported profitability; the bank management should ensure effective management of liquidity ratio to boost return on equity; government policymakers should ensure that banks are mandated to disclose their risk assets impairment and expand their size by extending banking services to the unbanked areas.

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Andric, Mirko, Kristina Mijic, and Dejan Jaksic. "Financial reporting and characteristics of impairment of assets in the republic of Serbia, according to IAS/IFRS and national regulation." Ekonomski anali 56, no. 189 (2011): 101–16. http://dx.doi.org/10.2298/eka1189101a.

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Accounting for impairment of assets in the Republic of Serbia is set out under International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), and national regulation (Book of Rules on Chart of Accounts). This paper presents research on the characteristics of impairment of assets in the Republic of Serbia in the period 2007-2009. The results of the research show an increase in the number of companies which disclosed impairment losses, as well as an increase in the value of impairment losses, in which the impairment losses of accounts receivable constitute the largest part in the structure of impaired assets.

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17

Quaranta, Anna Grazia, Nico Di Gabriele, and Ermanno Zigiotti. "Impairment of intangible assets and disclosure by Italian banks." Managerial Finance 45, no. 2 (February 11, 2019): 311–30. http://dx.doi.org/10.1108/mf-09-2017-0352.

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Purpose The purpose of this paper is to examine the methods used to perform impairment test for intangible assets from a business combination and the information provided by the consolidated financial statements of a Group of Italian banks in the period 2009-2014. The purpose is to verify if, as assumed in literature, there is a positive link between profitability and the tendency of manager’s to post the impairment losses of intangible assets promptly and accurately. Design/methodology/approach The existence of a link between profitability and the quality of disclosure was verified by constructing correlation indices, and then ascertaining not only the reliability but also the strength and direction of the statistical connection between the above two aspects. A multivariate linear regression reconfirmed the results obtained by the previous bivariate analysis. Findings The results confirm the basic assumption, showing that the link between the aspects considered is statistically significant and positive in all the years in question. Originality/value This study fills a gap, given that no papers were found in literature specifically pertaining to banks and other financial institutions. Moreover, the decision to focus the study on Italian banks seems to be particularly appropriate for a number of different reasons: before the financial crisis, Italian banks made numerous acquisitions, posting high amounts for intangible assets; the financial crisis made the stock market prices plummet, thus making it necessary to write-off intangible assets from business combinations; and even before the ESMA, the Bank of Italy intervened on several occasions on the question of reporting, urging Italian banks to comply with disclosure requirements and impairment criteria.

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18

Arcady, Alex, and Craig Stone. "The FASB takes another look at impairment of assets." Journal of Corporate Accounting & Finance 10, no. 1 (1998): 1–11. http://dx.doi.org/10.1002/(sici)1097-0053(199823)10:1<1::aid-jcaf1>3.0.co;2-v.

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19

Shchadilova, S. "Impairment of long-lived assets in accordance with IAS." Auditor, no. 6 (June 17, 2013): 50–56. http://dx.doi.org/10.12737/12614.

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20

Bartelheimer, Jörn, Markus Kückelhaus, and Andreas Wohlthat. "Auswirkungen des Impairment of Assets auf die interne Steuerung." Controlling & Management 48, S8 (July 2004): 22–31. http://dx.doi.org/10.1365/s12176-004-0430-2.

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21

Gaio, Cristina, Tiago Gonçalves, and Anabela Pereira. "Financial Crisis and Impairment Recognition in Non-Financial Assets." Review of Business Management 23, no. 2 (June 20, 2021): 370–87. http://dx.doi.org/10.7819/rbgn.v23i2.4108.

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Detzen, Dominic, Tobias Stork genannt Wersborg, and Henning Zülch. "Bleak Weather for Sun-Shine AG: A Case Study of Impairment of Assets." Issues in Accounting Education 30, no. 2 (December 1, 2014): 113–26. http://dx.doi.org/10.2308/iace-51007.

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ABSTRACT This case originates from a real-life business situation and illustrates the application of impairment tests in accordance with IFRS and U.S. GAAP. In the first part of the case study, students examine conceptual questions of impairment tests under IFRS and U.S. GAAP with respect to applicable accounting standards, definitions, value concepts, and frequency of application. In addition, the case encourages students to discuss the impairment regime from an economic point of view. The second part of the instructional resource continues to provide instructors with the flexibility of applying U.S. GAAP and/or IFRS when students are asked to test a long-lived asset for impairment and, if necessary, allocate any potential impairment. This latter part demonstrates that impairment tests require professional judgment that students are to exercise in the case.

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23

Gonin, V., E. Panchenko, E. Kibireva, and O. Nomokonova. "APPROACHES TO THE VALUATION AND REVALUATION OF FIXED ASSETS ACCORDING TO RUSSIAN AND INTERNATIONAL STANDARDS." Transbaikal state university journal 27, no. 3 (2021): 87–98. http://dx.doi.org/10.21209/2227-9245-2021-27-3-87-98.

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Questions of valuation and revaluation of fixed assets in a market environment inevitably arise. This is due to the increased role of assessing the effectiveness of asset management. The harmonization of national and international accounting standards allows us to consider the assessment and revaluation processes, both from the point of view of the accounting system and from the point of view of the financial consequences of the procedures performed. The purpose of the study is to study the historical background and systematize approaches to the assessment and revaluation of fixed assets according to Russian and international standards. To achieve this goal, the following tasks are set: to study the methods and historical aspect of revaluation; to study the conceptual framework of revaluation and impairment; to systematize the general provisions of the methodology for assessing the value of fixed assets during revaluation and impairment. The object of the study is fixed assets. In the course of the study, the history of revaluation of the cost of fixed assets is considered, the conceptual apparatus of the cost of fixed assets is analyzed in relation to the procedures for revaluation and impairment testing, the methodology of revaluation and impairment is considered. The paper concludes that it is necessary to introduce into the practice of accounting and management procedures for assessing the value of fixed assets and revaluing them, which will allow us to obtain reliable information when analyzing the impact of cost changes on the indicators used in determining the effectiveness of activities

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Park, Mi-Hee and Munkee Cho. "The Effect of Assets Impairment Recognition on Real Earnings Management." Tax Accounting Research ll, no. 35 (March 2013): 1–25. http://dx.doi.org/10.35349/tar.2013..35.001.

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Reinstein, Alan, and Gerald H. Lander. "Implementing the impairment of assets requirements of SFAS No. 144." Managerial Auditing Journal 19, no. 3 (April 2004): 400–411. http://dx.doi.org/10.1108/02686900410524409.

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Марьясин, Антон, and Anton Mar'yasin. "Some Aspects of Financial Assets Impairment in Accordance with IFRS." Auditor 4, no. 11 (December 3, 2018): 52–57. http://dx.doi.org/10.12737/article_5bfd01b7918b26.83262405.

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The article is devoted to the specifics of accounting for the financial assets impairment in financial statements in accordance with the requirements of IFRS. The article provides illustrative examples of accounting procedures that from a practical point of view may be of interest to practicing accountants.

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Skousen, Christopher J., and Li Sun. "ASC 820 level 3 net assets and goodwill impairment losses." International Journal of Economics and Accounting 7, no. 3 (2016): 250. http://dx.doi.org/10.1504/ijea.2016.079941.

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Shaari, Hasnah, Zaimah Abdullah, and Saliza Abdul Aziz. "Impairment of assets disclosure by public listed companies in Malaysia." International Journal of Critical Accounting 5, no. 2 (2013): 173. http://dx.doi.org/10.1504/ijca.2013.055182.

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Gore, Richard A., and Paul J. Herz. "Snowy Ridge Ski Resort: Fair Value Measurement and the Impairment of Long-Term Assets." Issues in Accounting Education 25, no. 1 (February 1, 2010): 59–70. http://dx.doi.org/10.2308/iace.2010.25.1.59.

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ABSTRACT: The Snowy Ridge Ski Resort case study illustrates the use the new Fair Value Measurement Standard (SFAS No. 157) with various assets in connection with the acquisition of a ski resort and subsequent test for impairment. The case study introduces students to the two primary approaches for measuring fair value (Market and Income). These approaches are then used to compute fair value for a variety of assets. In addition, students become familiar with the Fair Value Hierarchy and classify fair value measures in accordance with the hierarchy. The assets to which the fair value measures are generated include: marketable securities; property, plant, and equipment; real estate under development; and goodwill. The fair values and other input data are then used to test for impairment of the operating assets and goodwill. Thus, the case study illustrates the interplay between fair value measurement and impairment testing in a simple setting to give the student a foundation for understanding how fair value measurement is used in GAAP for operating assets.

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Syed Ali, Sharifah Sabrina, Sharon Cheuk Choy Sheung, and Mohd Waliuddin Mohd Razali. "Case Study in a Malaysian Public Agency on an Asset Management-Moving Towards the Accrual Basis of Accounting." Accounting and Finance Research 8, no. 3 (July 26, 2019): 149. http://dx.doi.org/10.5430/afr.v8n3p149.

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As part of the strategic reform of Malaysian public services under the Government Transformation Program (GTP), accrual accounting is expected to be fully adopted in public sector financial reporting commencing on 1 January 2015, in order to ensure alignment with the global accounting standards. Consequently, in order to access the government effectiveness of moving towards the accrual basis of accounting, this study is to examine the asset management system in a Malaysian public agency; to evaluate the extent of compliance with MPSAS 17, Property, Plant and Equipment (PPE), IPSAS 26, Impairment of Cash-Generating Assets and IPSAS 21, Impairment of Non-Cash Generating Assets. Using qualitative approach, a preliminary study was conducted via interviews and through obtaining documents. The findings include the following: MPSAS17 has not been strictly adhered to and software is used to monitor the assets; however, the disposal of assets is a manual process and is not automated. The study also discussed any weaknesses pertaining to the said asset accounting system, and suggested recommendations for improvement thereon.

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Sari, Sarlina. "Pengaruh Revaluasi Asset Non Keuangan, Goodwill dan Goodwill-impairment Terhadap Biaya Audit dengan Kepemilikan Keluarga sebagai Variabel Moderasi." Moneter - Jurnal Akuntansi dan Keuangan 7, no. 1 (March 31, 2020): 15–23. http://dx.doi.org/10.31294/moneter.v7i1.6838.

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The purposes of this study are to examine the effect of non-financial assets revaluation, goodwill and goodwill-impairment on audit fees family ownership as moderating variables. This research uses sample of Indonesia Stock Exchange non-financial companies from the years 2011-2015. Regression results show that revaluation of non-financial assets, goodwill and goodwill-impairment have no effect on audit fees. However, companies that family-owned, the audit fee is higher if the companies revalue its nonfinancial assets. The results of this study can be considered by regulators to set auditing standards related to audit of fair value that require complex accounting estimates, so that auditors are more aware abaout the reliability of fair values that are difficult to observe.Keywords: Non-financial assets revaluation; goodwill, goodwill-impairment; audit fees; family ownership

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KUPRYUSHINA, Ol’ga M., and Rimma R. RAKHMATULINA. "Implementation of Federal Accounting Standards – Capital Investments and Fixed Assets – in the internal rules of accounting for fixed assets." International Accounting 22, no. 10 (October 15, 2021): 1188–204. http://dx.doi.org/10.24891/ia.24.10.1188.

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Subject. This article discusses the issues related to the reflection of capital investments and fixed assets in the accounting (financial) statements of economic entities during the transition to the new domestic (Russian) accounting standards – Fixed Assets and Capital Investments. Objectives. The article aims to reveal the consequences of changes in the current practice of accounting for fixed assets and capital investments in the internal rules of commercial organizations. Methods. For the study, we used the methods of generalization, comparison, primary observation, cost measurement, and grouping. Federal Accounting Standards and International Financial Reporting Standards were the basis for methodological justification of changes in the accounting practice of transactions with fixed assets and capital investments. Results. We offer certain records to reflect information on capital investments in the transition to the new Federal Standard – Capital Investments in accounts. We also offer a procedure for classifying low-value fixed assets in the inter-reporting period and a correspondence of accounts reflecting impairment loss on fixed assets. Conclusions and Relevance. The procedure for convergence of domestic accounting standards with International Financial Reporting Standards necessitates the introduction of significant changes in the process of reflecting transactions with fixed assets and capital investments. The modified procedure for reflecting records for accounting for capital investments, low-value fixed assets, losses from impairment of fixed assets in the intra-company rules for accounting for economic entities becomes relevant. The results of the study can be used when accounting for transactions with fixed assets and capital investments of commercial organizations in the practice of financial accounting.

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Michalak, Marcin, and Przemysław Czajor. "Disclosure of economic value of operating fixed assets in financial statements of Polish public companies." Zeszyty Teoretyczne Rachunkowości 2016, no. 87(143) (July 4, 2016): 105–16. http://dx.doi.org/10.5604/16414381.1207437.

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The objective of the paper is analysis of the methods of identifying, measuring and recognizing the oper-ating fixed assets impairment, alongside with defining and measurement of operating fixed assets economic value and its determinants as well as the quality of this information disclosed in financial state-ments as of 2014. The research was conducted on the basis of annual financial statements of companieslisted on Warsaw Stock Exchange that are included in stock indices WIG 20 and sWIG 80. The research was focused on disclosures of determinants used by companies to estimate the economic value of operat-ing fixed assets for the purposes of impairment test performed according to IAS 36.

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Uliano, André Luiz Poli, Andrea Lucia Doná, and Marguit Neumann Gonçalves. "Disclusore of loss by the impairment applied to fixed assets: analysis of the IBrX-50 companies." Enfoque: Reflexão Contábil 33, no. 1 (January 2014): 1–18. http://dx.doi.org/10.4025/enfoque.v33i1.21557.

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Lisicki, Bartłomiej. "The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock Exchange." Zeszyty Teoretyczne Rachunkowości 45, no. 3 (September 12, 2021): 189–202. http://dx.doi.org/10.5604/01.3001.0015.2351.

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Purpose: The main aim of this paper is to verify how frequently issuers from the WSE issue current reports informing about the impairment of assets. The author believes that in the first months of the Covid-19 pandemic, one of the external premises for a decrease in the value of assets began to occur, i.e., market, economic or legal changes. Methodology/approach: Content analysis of current reports was used. The analysis period was divided into two sub-periods, 2013–2018 and 2020, when it was likely there was an increase in the submission of the abovementioned reports by issuers. The results were verified using the ANOVA test. Findings: Analyzing the issuers' reports in 2020, 77 cases were found where investors were informed about the impairment of assets. The number of current reports about the im-pairment of assets is much greater than in the period 2013–2018 (163 cases). The X2 statistic allowed us to indicate the statistical significance of the difference of the cases recorded in 2020 from the average values of the previous years. Originality/value: This article discusses the issues of assets impairment during the eco-nomic downturn caused by the Covid-19 pandemic. The increased frequency of reporting write-offs allows us to conclude that entities are afraid of the long-term effects of the pan-demic. Therefore, they decide to revise the recoverable amount of assets in line with the „prudent valuation” principle.

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Dickinson, Victoria, Paul Kimmel, and Terry Warfield. "Bioscience Company: Accounting for Idle Plant Assets." Issues in Accounting Education 26, no. 1 (February 1, 2011): 155–62. http://dx.doi.org/10.2308/iace.2011.26.1.155.

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ABSTRACT: Bioscience Company and its auditors have been in discussions with the SEC concerning the accounting for its long-lived assets. Among the issues being discussed is the company’s discontinuation of depreciation on productive assets that it had used previously, but it was not currently using. The case permits a technical examination of depreciation and impairment accounting issues with consideration of the FASB’s asset/liability measurement approach, fair value accounting, use of the FASB Codification, and comparisons to International Financial Reporting Standards. The case requirements are divided into basic requirements, which would be appropriate for intermediate level students; and advanced requirements, which would be more appropriate for accounting seniors, as well as M.B.A. and fifth-year accounting students.

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Chukwu, Gospel J., and Godpower W. Obah. "Impairment Charges and Market Value of Insurance Firms in Nigeria." International Journal of Business and Management 14, no. 4 (March 8, 2019): 171. http://dx.doi.org/10.5539/ijbm.v14n4p171.

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The purpose of this study is to examine whether impairment of financial assets affects the behaviour of equity investors in the insurance industry in Nigeria. Using a sample of 102 firm-year observations drawn from 17 insurance firms, and another sample of insurance firms whose shares traded at more than par value, the study investigated whether share prices are associated with insurance receivables and with other financial assets. Findings show that share prices are not significantly associated with insurance receivables, or with other financial assets. This is possibly because the shares of many insurance firms in Nigeria traded mostly at par value within the sample period-2012 to 2017. Empirical results further reveal that for the sample of firms whose shares traded at more than par value, there is a significant negative relationship between impairment charges of financial assets and market value, suggesting that investors negatively view impairment charges and regard them as evidence of decline in the economic value of organisational assets. Even with the sample of firms whose shares traded at more than par value, there is an insignificant relationship between insurance receivables and market value, suggesting that investors do not regard the impairment of trade receivables as sufficiently reliable to include them in their assessment of firm value. Regulators of the insurance industry must therefore emphasise confidence-boosting strategies such as the merger of weak insurance firms. This will create larger firms with greater capacity and better performance, as well as improve investors’ perception of the insurance industry in Nigeria.

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Vogt, Mara, Caroline Sulzbach Pletsch, Vania Regina Morás, and Roberto Carlos Klann. "Determinants of Goodwill Impairment Loss Recognition." Revista Contabilidade & Finanças 27, no. 72 (August 18, 2016): 349–62. http://dx.doi.org/10.1590/1808-057x201602010.

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Abstract This study aimed to verify the determinants of goodwill impairment (GOODWIMP) loss recognition in Brazilian companies. For this, a descriptive and documentary study was carried out in which information was collected from databases and explanatory notes using a quantitative approach. The study sample was comprised of Brazilian companies listed on the Thomson database, totaling 91 companies and 346 observations. Data were collected from 2011 to 2014. For the treatment and analysis of the data, logistic regression with panel data was used. The results show that the factors change in management (CHMAN), book-to-market (BM), number of cash generating units (CGU), variation in return on assets (ΔROA) and goodwill (GOODW) were significant in determining GOODWIMP losses. These findings indicate that in addition to economic factors, managers' actions are associated with the recognition of such losses, which can be characterized as incentives for earnings management (EM) practices. Therefore, it is generally concluded that the GOODWIMP losses recognized in the companies analyzed may not only have been used to reduce their assets to recoverable amounts, but also to achieve results consistent with the objectives of managers.

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Ismagilova, T. R. "Impairment of intangible assets: quality of disclosures in the financial crisis period." Proceedings of the Voronezh State University of Engineering Technologies, no. 4 (January 1, 2016): 484–87. http://dx.doi.org/10.20914/2310-1202-2016-4-484-487.

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Ismagilova, T. R. "The procedure for identifying and recovering losses from impairment of intangible assets." Финансовая аналитика: проблемы и решения 10, no. 1 (January 16, 2017): 20–28. http://dx.doi.org/10.24891/fa.10.1.20.

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Абдрахманова, Айгуль Уалиевна, Бейбит Сыбанбаевич Корабаев, and Виталий Викторович Мищенко. "ACCOUNTING FOR IMPAIRMENT OF ASSETS IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS." Economics Profession Business 3, no. 3 (September 10, 2018): 5. http://dx.doi.org/10.14258/201832.

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Hurtt, David N., Jerry G. Kreuze, and Sheldon A. Langsam. "Accounting for the impairment of long-lived assets: A review and update." Journal of Corporate Accounting & Finance 10, no. 3 (1999): 89–99. http://dx.doi.org/10.1002/(sici)1097-0053(199921)10:3<89::aid-jcaf9>3.0.co;2-j.

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Baskin, Dorsey L. "SFAS 121: The FASB's new standard for impairment of long-lived assets." Journal of Corporate Accounting & Finance 6, no. 4 (1995): 1–13. http://dx.doi.org/10.1002/jcaf.3970060402.

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Tsiklauri-Shengelia, Zhuzhuna, Natia Shengelia, and Revaz Shengelia. "Some Practical Financial Reporting (IFRS) Assessment Aspects Of The Covid-19 Impact on Business." PIRETC-Proceeding of The International Research Education & Training Centre 104, no. 1-2 (April 4, 2021): 76–87. http://dx.doi.org/10.36962/ecs104/1-2-76.

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Generally, the covid-19 pandemic has a great impact on all big, small and medium-sized business all over the world. There are analyzed International Financial Reporting Standards (IFRS) practical issues that should be considered and addressed by the top management. These financial key issues include discussing the following: IFRS 9-Financial Instruments, IAS 36 Impairment of Assets, IAS 1, IAS 2, ISA 570 (revised) -Going Concern . The Impairment Review of Inventory, Fixed Assets, financial instruments, also the Going Concern at the entity level must be assessed in detail in the pandemic and other difficult circumstances; Keywords: IFRS , Covid-19 Impact, Impairment, Expected Credit Loss (ECL), NRV, ISA, Going Concern.

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Trott, Edward W. "Accounting for Debt Instruments Held as Assets." Accounting Horizons 23, no. 4 (December 1, 2009): 457–69. http://dx.doi.org/10.2308/acch.2009.23.4.457.

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SYNOPSIS: I propose that all debt instruments held as assets be accounted for using a combination of reported amounts that reflect a measurement at the initial recognition date and fair value. The proposal eliminates the “incurred loss” and “other-than-temporary-impairment (hereafter, OTTI)” models and replaces them with a valuation account that adjusts the amortized reported amounts to fair value each reporting date. Disclosures, on a disaggregated basis, about the debt instruments, charge-offs, and fair value measurements will provide significantly more information than currently provided. The advantages of this proposal are to (1) reduce accounting complexity through use of a single objective for reporting all debt instruments held as assets; (2) use the most relevant, representationally faithful, and verifiable measurement attribute for the assets; and (3) increase transparency and information about the assets.

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Kuter, Mikhail, Marina Gurskaya, Angelina Andreenkova, and Ripsime Bagdasaryan. "Asset Impairment and Depreciation before the 15th Century." Accounting Historians Journal 45, no. 1 (June 1, 2018): 29–44. http://dx.doi.org/10.2308/aahj-10575.

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ABSTRACT This paper investigates impairment and depreciation accounting in the 13th to 15th century. It finds that the first known instance of impairment accounting was in 1321, while for depreciation, it was 1399 not, as has previously been claimed, 1299. The study demonstrates the difference in approach at that time between the two forms of adjustment and shows that impairment was the original form of adjustment for reduction in asset values, a form that was applied in situations where physical assets had been lost, or deteriorated, or devalued over the reporting period. In contrast, depreciation was algorithmic, linked to a time-based straight-line depreciation charge equivalent to 10 percent per annum. These findings not only relocate recognition of the emergence of depreciation provisions to the end of the 14th century but, also, from France to Spain. However, in both cases, in Italian firms with Italian accountants.

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Stein, Sarah E. "Auditor Industry Specialization and Accounting Estimates: Evidence from Asset Impairments." AUDITING: A Journal of Practice & Theory 38, no. 2 (August 1, 2018): 207–34. http://dx.doi.org/10.2308/ajpt-52231.

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SUMMARY This study examines whether auditor competencies developed through industry specialization play a role in monitoring client firms' accounting estimates. Specifically, I focus on asset impairment decisions as a key accounting estimate given managers incentives to hide these losses and the PCAOB's criticisms of auditors' testing in this area. Impairments examined in this study relate to goodwill and intangibles, other long-lived assets, and investment securities. Using the portfolio share approach to measure office level specialization, I find that client firms engaging industry specialist auditors exhibit a greater propensity to record, and record larger, impairments relative to client firms engaging auditors with less specialization. The results also demonstrate that impairments recognized by clients of specialist auditors are more positively associated with concurrent bad news signals, suggesting that these losses are recognized on a more timely basis. This evidence enhances our understanding of the factors affecting auditors' ability to evaluate complex accounting estimates. Data Availability: Data are available from the public sources cited in the text.

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André, Paul, Dionysia Dionysiou, and Ioannis Tsalavoutas. "Mandated disclosures under IAS 36 Impairment of Assets and IAS 38 Intangible Assets: value relevance and impact on analysts’ forecasts." Applied Economics 50, no. 7 (June 26, 2017): 707–25. http://dx.doi.org/10.1080/00036846.2017.1340570.

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Alciatore, Mimi, Peter Easton, and Nasser Spear. "Accounting for the impairment of long-lived assets: Evidence from the petroleum industry." Journal of Accounting and Economics 29, no. 2 (April 2000): 151–72. http://dx.doi.org/10.1016/s0165-4101(00)00018-5.

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Rohan, Paul, and Jeffrey B. Williams. "A closer look at recognition and measurement in impairment of long-lived assets." Journal of Corporate Accounting & Finance 5, no. 3 (1994): 403–9. http://dx.doi.org/10.1002/jcaf.3970050311.

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