CMA Final · Corporate Financial Reporting · Impairment of Assets (Ind AS 36)
A CMA candidate notes that paragraphs 25-27 and paragraph 5(b) of IAS 36 do not appear with content in Ind AS 36. According to the official comparison, what is the reason?
Paragraph 5(b) and paragraphs 25-27 were deleted in Ind AS 36 as a consequence of Ind AS 113, Fair Value Measurement. The paragraph numbers are still retained so that the numbering remains consistent with IAS 36.
- AThey were deleted as a consequence of Ind AS 113, Fair Value Measurement, with numbering retainedCorrect
- BThey were deleted because they dealt with transitional provisions moved to Ind AS 101
- CThey were deleted because they referred to illustrative examples that are not integral to the Standard
- DThey were shown as 'Deleted' in IAS 36 itself
Explanation
The comparison says paragraphs 5(b) and 25-27 have been deleted as a consequence of Ind AS 113, with numbering retained. Transitional provisions relate to Ind AS 101; illustrative example references are paragraphs 103, 137 and C9; paragraphs 91-95 are those shown Deleted in IAS 36.
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