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In this newsletter, we look at the following topic:
Impairment of non-financial assets in the current crisis
The last 12 months have been marked by increased volatility in global markets. The widespread slowdown mean that assets and businesses in many industries will generate lower cash flows than expected, increasing the likelihood that impairment charges will be required or even may lead to going concern issue. This newsletter focuses on two major areas of concern in the context of the current economic crisis: impairment of non-financial assets and going concern - taking a look at reassessing going concern assumptions in the current market and identifying circumstances where management may want to make additional disclosures.
Get your copy here
Read more by downloading our HKFRS News - Jan 2009 (pdf file, 106KB) for your reference.
Note: HKFRS has converged with IFRS effective from 1 January 2005. Contents contained in this newsletter are relevant to both HKFRS preparers and IFRS preparers.
Other Issues of HKFRS News
Accounting and Listing Rules Updates | |
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