CMA Final · Corporate Financial Reporting · Impairment of Assets (Ind AS 36)
Which of the following sets correctly lists the paragraphs of Ind AS 36 deleted because they referred to Illustrative Examples that are not an integral part of the Standard (numbers retained)?
The paragraphs deleted for referring to non-integral Illustrative Examples are paragraph 103, paragraph 137 and paragraph C9 of Appendix C. They referred to Examples 8, 9 and 7 respectively, and their numbers are retained for consistency with IAS 36.
- AParagraphs 91-95, 103 and 137
- BParagraphs 25-27, 103 and C9
- CParagraphs 103, 137 and C9 of Appendix CCorrect
- DParagraphs 138-140K, 137 and C9
Explanation
The comparison lists paragraph 103 (Example 8, corporate assets), paragraph 137 (Example 9, disclosures) and paragraph C9 of Appendix C (Example 7, non-wholly-owned CGU with goodwill). Paragraphs 91-95 are 'Deleted' in IAS 36, and 25-27 were deleted due to Ind AS 113.
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More Impairment of Assets (Ind AS 36) questions
- Paragraphs 25-27 and paragraph 5(b) of Ind AS 36 have been deleted. According to the comparison with IAS 36, what is the reason?
- Why does Ind AS 36 retain paragraph numbers 138-140K and 140M even though their content is not included?
- Which combination correctly lists deletions in Ind AS 36 with the stated reason for each?
- Ind AS 36 carries no transitional provisions of its own, and paragraphs 138-140K and 140M are retained only by number. Which statement corre…
- Which statement about the treatment of the paragraph numbers of Ind AS 36 in comparison with IAS 36 is correct, as per the Ind AS 36 compari…
- Ind AS 36 deletes paragraphs 25-27 and paragraph 5(b) of IAS 36. What is the stated reason?