Sir, isn't it Value in use is another thing that should be consider as basic when asset's Value in use is difficult to get in isolation as being unable to generate cash flows on their own but be able if it is consider as CGU. Thanks.
@@mitul206350 That applies to goodwill! Because, as you are probably aware, goodwill cannot be separately sold (has no FV) and doesn’t on its own generate any sales (has no value in use) but must be subject to an annual impairment review - so goodwill is tested at the level of the cash generating unit - eg in conjunction with the net assets of the subsidiary to which it relates. Such impairment losses are then allocated first against the goodwill. It’s tricky when doing a very short video- with the brief “back to basics” to know where you draw the line. When I teach impairment it takes a long time and I have a dozen examples so students understand grossing up of goodwill & reversal of impairment losses etc! Anyway … onwards & upwards !
Sir, many thanks for helping me to remember the allocation method of assets to CGU as part of a debriefing of IAS 36 (IoA). However, as a basic learner, I would like to strengthen my basic more for the following: - A football team - A group of similar machines (or identical/similar circumstances) Isn't it difficult to determine VIU of an individual player in isolation? Under IAS 36 CGU's importance under above circumstances (if any)? What would be CGU's value then? Note, I've been following you since long to improve my learning. Thanks.
@@mitul206350 if you are considering the application of cash, generating units etc to football teams. You are not a basic learner my friend. Sounds like you are an active student wanting to pass strategic business reporting and therefore should be signing up for one of my courses! Please feel free to WhatsApp me on (07725) 350793 and I will send you further details. That is a UK number. +44 if you are overseas
@@tomclendonaccasbronlinelec7226 Sir, Being a fundamentalist under common framework (outside of accounting framework), I wish I could PENALIZE (MORE JUSTICE, even the grant can't be a justice as it depicts double taxes of those naive people, until unless it comes from a MORE natural event, the grant consideration) those who causes for deliberate impairment losses of any asset to make a reversal adjustment. (Hahaha). Sir, Currently I'm facing some technical difficulties to using WhatsApp and will contact you surely very soon. Thanks.
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If this man teaches you and you don't understand it, you are either a or a wizard. 😂❤🎉
Sir, isn't it Value in use is another thing that should be consider as basic when asset's Value in use is difficult to get in isolation as being unable to generate cash flows on their own but be able if it is consider as CGU.
Thanks.
@@mitul206350 That applies to goodwill! Because, as you are probably aware, goodwill cannot be separately sold (has no FV) and doesn’t on its own generate any sales (has no value in use) but must be subject to an annual impairment review - so goodwill is tested at the level of the cash generating unit - eg in conjunction with the net assets of the subsidiary to which it relates. Such impairment losses are then allocated first against the goodwill.
It’s tricky when doing a very short video- with the brief “back to basics” to know where you draw the line.
When I teach impairment it takes a long time and I have a dozen examples so students understand grossing up of goodwill & reversal of impairment losses etc!
Anyway … onwards & upwards !
Sir, many thanks for helping me to remember the allocation method of assets to CGU as part of a debriefing of IAS 36 (IoA).
However, as a basic learner, I would like to strengthen my basic more for the following:
- A football team
- A group of similar machines
(or identical/similar circumstances)
Isn't it difficult to determine VIU of an individual player in isolation?
Under IAS 36 CGU's importance under above circumstances (if any)?
What would be CGU's value then?
Note, I've been following you since long to improve my learning.
Thanks.
@@mitul206350 if you are considering the application of cash, generating units etc to football teams. You are not a basic learner my friend.
Sounds like you are an active student wanting to pass strategic business reporting and therefore should be signing up for one of my courses! Please feel free to WhatsApp me on (07725) 350793 and I will send you further details. That is a UK number.
+44 if you are overseas
@@tomclendonaccasbronlinelec7226 Sir, Being a fundamentalist under common framework (outside of accounting framework), I wish I could PENALIZE (MORE JUSTICE, even the grant can't be a justice as it depicts double taxes of those naive people, until unless it comes from a MORE natural event, the grant consideration) those who causes for deliberate impairment losses of any asset to make a reversal adjustment. (Hahaha).
Sir, Currently I'm facing some technical difficulties to using WhatsApp and will contact you surely very soon.
Thanks.