tailieunhanh - IFRIC Interpretation 10: Interim financial reporting and impairment

This version includes amendments resulting from IFRSs issued up to 31 December 2008. IFRIC 10 Interim financial reporting and impairment was developed by the International Financial Reporting Interpretations Committee and issued by the International Accounting Standards Board in July 2006. | IFRIC 10 IFRIC Interpretation 10 Interim Financial Reporting and Impairment This version includes amendments resulting from IFRSs issued up to 31 December 2008. IFRIC 10 Interim Financial Reporting and Impairment was developed by the International Financial Reporting Interpretations Committee and issued by the International Accounting Standards Board in July 2006. IFRIC 10 has been amended by IAS 1 Presentation of Financial Statements (as revised in September 2007).* * effective date 1 January 2009 © IASCF 2511 IFRIC 10 CONTENTS paragraphs IFRIC INTERPRETATION 10 INTERIM FINANCIAL REPORTING AND IMPAIRMENT REFERENCES BACKGROUND 1–2 ISSUE 3–7 CONSENSUS 8–9 EFFECTIVE DATE AND TRANSITION 10 BASIS FOR CONCLUSIONS 2512 © IASCF IFRIC 10 IFRIC Interpretation 10 Interim Financial Reporting and Impairment (IFRIC 10) is set out in paragraphs 1–10. IFRIC 10 is accompanied by a Basis for Conclusions. The scope and authority of Interpretations are set out in paragraphs 2 and 7–17 of the Preface to International Financial Reporting Standards. © IASCF 2513 IFRIC 10 IFRIC Interpretation 10 Interim Financial Reporting and Impairment References • IAS 34 Interim Financial Reporting • IAS 36 Impairment of Assets • IAS 39 Financial Instruments: Recognition and Measurement Background 1 An entity is required to assess goodwill for impairment at the end of each reporting period, to assess investments in equity instruments and in financial assets carried at cost for impairment at the end of each reporting period and, if required, to recognise an impairment loss at that date in accordance with IAS 36 and IAS 39. However, at the end of a subsequent reporting period, conditions may have so changed that the impairment loss would have been reduced or avoided had the impairment assessment been made only at that date. This Interpretation provides guidance on whether such impairment losses should ever be reversed. 2 The Interpretation addresses the .