Business combinations project moves on

What is the new name for the goodwill and impairment project?

Business Combinations – Impairment decisions

Goodwill and impairment

Business Combinations – Disclosures, Goodwill and Impairment

Business Combinations – Goodwill, Impairment and Judgment

What is the current status of the project?

A new standard has been issued

None of the other answers

Exposure draft has been issued

Research papers are being drafted

Which, if any, of the following statements are true? Statement 1, there will be a potential exemption from the disclosure of information, or statement 2, additional disclosures are proposed for all new strategic acquisitions

Statement 1 only

Statement 2 only

Both statements

Neither statement

Which of these is identified as a problem associated with goodwill impairment?

It is less reliable than amortisation

All of the other answers

It is too extreme

It is done too little, too late

Which of the following items is true?

Disclosures will be prescribed by amendments to IFRS 3

Disclosures will be set by the jurisdiction of the entity

Disclosures will be prescribed by a new IFRS

Disclosures will be based on information management use to review the acquisition

What is a tentative proposal regarding disclosures relating to goodwill?

All of the other answers

Goodwill will have to be disclosed if the acquisition exceeds 5% of revenue

Goodwill will have to be disclosed by location

Goodwill will have to be allocated to a reportable segment

Which of the following will need to be disclosed under the proposals?

Acquisition-date objectives and targets

Subsequent performance against acquisition-date objectives and targets

Both of the answers

Neither of the answers

Which of these is proposed in terms of the value in use calculation? Proposal 1, the requirement to exclude uncommitted future items will be removed, or proposal 2, the cashflows should generally not exceed five years

Proposal 1 only is correct

Proposal 2 only is correct

Neither proposal is correct

Both proposals are correct

Which of the following items does not currently need an annual impairment review?

An intangible asset with a life of 10 years

Goodwill

An intangible asset with an indefinite life

An intangible asset not yet ready for use

Which, if any, of the following statements is correct? Statement 1, an asset is impaired if its carrying amount exceeds its recoverable amount, or statement 2, the recoverable amount of an asset is the lower of value in use and fair value less costs to sell

Statement 1 only is correct

Both statements are correct

Neither statement is correct

Statement 2 only is correct

Business combinations project moves on

What is the new name for the goodwill and impairment project?

What is the current status of the project?

Which, if any, of the following statements are true? Statement 1, there will be a potential exemption from the disclosure of information, or statement 2, additional disclosures are proposed for all new strategic acquisitions

Which of these is identified as a problem associated with goodwill impairment?

Which of the following items is true?

What is a tentative proposal regarding disclosures relating to goodwill?

Which of the following will need to be disclosed under the proposals?

Which of these is proposed in terms of the value in use calculation? Proposal 1, the requirement to exclude uncommitted future items will be removed, or proposal 2, the cashflows should generally not exceed five years

Which of the following items does not currently need an annual impairment review?

Which, if any, of the following statements is correct? Statement 1, an asset is impaired if its carrying amount exceeds its recoverable amount, or statement 2, the recoverable amount of an asset is the lower of value in use and fair value less costs to sell

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