It used to be thought that international accounting standards were not as prescriptive as their UK counterparts
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It used to be thought that international accounting standards were not as prescriptive as their UK counterparts but this article seems to suggest otherwise.
1 What is a ‘write down’ and where would it have been written down to?
2 What is meant by the phrase ‘The company booked a goodwill impairment charge …’?
3 Why should IFRS requirements result in an expected revenue decline?
4 What is meant by the suggestion that ‘the exercise will result in a further £2.5m charge?
5 What impact do you think that IFRS rules have had on Spirent’s cash flow?
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1A write down refers to the reduction in the book value of an asset when its fair market value drops ...View the full answer
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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