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CMA Final · Corporate Financial Reporting · Impairment of Assets (Ind AS 36)

Which combination correctly lists deletions in Ind AS 36 with the stated reason for each?

Paragraph 5(b) and paragraphs 25-27 were deleted because of Ind AS 113, while paragraphs 103, 137 and C9 were deleted because they referenced Illustrative Examples that are not integral to the standard. Other pairings of reasons, such as Ind AS 40 or Ind AS 101, are wrong.

  1. AParagraph 5(b) and paragraphs 25-27 as a consequence of Ind AS 113; paragraphs 103, 137 and C9 because they referred to non-integral Illustrative ExamplesCorrect
  2. BParagraph 5(b) because of Ind AS 40; paragraphs 25-27 because of Ind AS 101
  3. CParagraphs 91-95 because of Ind AS 113; paragraph 103 because of Ind AS 40
  4. DParagraph 2(f) because of Ind AS 113; paragraph 137 because of Ind AS 101

Explanation

The appendix gives paragraph 5(b) and 25-27 as deleted due to Ind AS 113, and paragraphs 103, 137 and C9 as deleted because they referred to Illustrative Examples that are not integral to the standard. Paragraphs 91-95 are 'Deleted' already in IAS 36, and 2(f) is due to Ind AS 40. The other options mismatch the reasons.

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