Impairment testing
Invest for Excel®, version Enterprise, includes functionality for impairment test in accordance with IFRS and US GAAP. With this software it is easy to make cash flow modeling for calculation of Value in use. Goodwill as well as other assets can be tested. Invest for Excel® guides you during the analysis process. Protected and tested calculation logic ensures correct and comparable results in annual impairment tests. In addition, the software produces a verification of impairment test for annual reporting.
IFRS-functionality:
- Calculation of value in use
- Impairment test
- Verification of impairmen test
- Allocation of overvalue (IFRS3)
- Deferred tax liability
- Financial statements in IFRS form
- Capitalization of project borrowing costs
Examples of IFRS regulations implemented:
IFRS3, IFRS5, IAS 16, IAS 23, IAS 36, IAS 38, IAS 40
NOTE 1: According to IFRS 1 First-time Adoption of International Financial Reporting Standards the first-time adopter shall apply IAS 36 in testing the goodwill for impairment at the date of transition regardless of whether there is any indication that goodwill may be impaired.
NOTE 2: IFRS 3 prohibits the depreciation of goodwill. Instead goodwill must be tested for impairment at least annually in accordance with IAS 36 Impairment of Assets.
