IAS 36 IMPAIRMENT OF ASSETS (PART 2)

This video continues from part one and solves two important questions that explain further advanced concepts.
Follow this link to watch the part 1 of this video
• IAS 36 - IMPAIRMENT OF...

[@abdulkabia-kf2tw]

I am Abdul kabia and I live in Sierra Leone with you tutorials I can solve many questions on Accounting. Thank you very much sir. May God bless and your entire generation.

[@anietiewill4243]

You are more of a teacher than a lecturer cos you speak straight into my brain

[@blessinge007]

You are an amazing tutor. You make Accounting seem so easy. Thank you so much for your videos. I’ve been passing my exams because of them

[@Clara-ow3yh]

Ngl

[@joywanda7699]

I find accounting hard, but with your tutorials my grades keep shooting, God bless you for the work well done 👍.

[@atolomartha2117]

i love your simplicity of the numbers,it truly makes me appreciate these standards more and more, thanks sir🙏i now realize that Accounting ain't hard

[@MwelwaPhelix]

You're the best lecturer who has ever helped me my entire academic life for accounts , i recommend you to move on

[@umehmoses8118]

Another good day to watch a tutorial from FOG tutorial. I'm always happy

[@kwamosoascensionpraiz3058]

Was worried abt Impairment buh you made it simple to me

[@princeagyei6095]

So the statement "reduce production by 40% " was not part of the requirement just in to confuse people if I may say

[@primrosenyamugara858]

enjoying your lectures ...accounts becomes very simplified

[@aceconsulting.analytics]

Thank you so much for the lectures. You've made me understood Financial Reporting better. I now prefer to listen to your lectures than others. Peter from Nigeria

[@innocentmanda1313]

The explanation is so simple and straight forward. very understandable

[@daudabalogun2265]

I love this lecture, Pls realise the part 3

[@Abdulrahman_601]

Who's here from 2024

[@KarimahAkinola]

I always look forward to your videos because you make the problem solving simpler and easier to understand . Good job, and God bless you always ❤

[@monicasemeho2707]

I really enjoy watching your videos. You make the topics very easy to understand. God bless you

[@Patriciabuadi]

Good Teacher, he takes his time to teach and makes it easy.

[@nomaswazimahlangu7728]

Thank you sir, can we please have part 3. This was really helpful.

[@tanakaaletha4513]

You are good at teaching 🫡👏. May God bless you Sir

[@tanakaaletha4513]

Would you mind sending us a tutorial on Consolidation

[@oluwatoyinintenseworship3828]

This video has cleared alot of confusion. God bless you

[@elliotellis2775]

hello sir
i'd like to commend you on your good works God bless you
I do have a question, I thought internally generated goodwill was not to be in the statements
please clarify

[@mariabodero7624]

If the 150,00 are not shown in the financial statements, why do we reduce our assets from then there? How is it accounted for? I don't get that..

[@janetamoah6709]

U are the best 😚😚 keep it up may the Good GOD bless u and give u strength for us❣️❣️

[@unarinenkomo3788]

Can you please do impairment reversals of assets under the revaluation model in terms of IAS 16

[@tolanimary]

Please sir i couldn't find the part 3 of impairment loss

[@MervinChimsale]

Easy to understand

[@adeshinatemitope1487]

Why are some asset are test for impairment and where others can not be test for impairment sir

[@nyambeklubinda]

very elaborate and easy to understand👌

[@PowellKekana]

Hello sir,
This are really helpful✨🙏thank you. Can we also get part 3 on reversals

[@letslearn273]

Remember you said that we can choose to allocate all the impairment on one intangible assets,if it happens that way,will we send all to the p and L

[@tanekakutitus50]

perfect explanation, I love That .

[@emmanueladansi8091]

Very insightful sir, and well understood

[@mariegratiabamurange5063]

Very helpful, keep them coming!

[@thomasmuzondiwa4814]

Waiting for part 3

[@igbogidijohn9994]

Thanks so much sir
I want to be like u

[@tecctuary0002]

Waiting on the part 3

[@alickmkandawire504]

Reversal of Impairment please

[@erwinyesidgutierrezcampos5856]

Thanks

[@afriyieyawclement3747]

Thank you sir

[@mwansamukuka4822]

Thank youuu👏👏👏

[@drkelly9784]

Hellas, I need your help, I need you to help me state the sub topics in accounting for assets.....

[@avorkpowinslownani2612]

You really understand what you're teaching. Great work there... I want to learn Cash flow statement from you.

[@Hahar2233h]

Than you

[@aminatuissa3066]

Please can i hv ur contact i need ur help its urgent.

[@jesuslovers8692]

Heh, so one year ago you do part one, then you come back after a year and do part two, gained weight too!
Can you work on that? Do all the parts at once! So we wont have to wait a year for part two! #Humbly requesting you know

[@lancestephens8351]

there's something i don't understand. The problem states that the Net Assets with a carrying amount (which includes goodwill both purchased and internally developed) is 420K. Why are you adding goodwill again to bring the total up to 660K. if anything, the goodwill should be subtracted from the 420K to bring the Net Assets with a carrying amount to 180K. The question stated that SEVERAL YEARS EARLIER which means that the goodwill totaling 240K is already in the 420K balance since it happened earlier. However, if the problem stated that the Net Assets before goodwill is 420K then i can see the 240K being added to the 420K. Please explain as i am confused by the facts.
Also, what is internally developed goodwill? I understand that you can't show internally developed goodwill on the books (i.e. meaning that it's not part of your assets). As such, why is it part of the allocation equation when it doesn't or shouldn't exist? Kindly explain this as well as i am having a tough time understanding this concept. Thanks so much

[@natashabwalya7041]

Sir please make a tutorial on IAS 10
I always watch your videos every semester as an accounting student love your tutorials 💯👌🏼

[@adjoaotuwamensah-afful8731]

Hello sir thanks a lot! Your tutorials have been extremely helpful
God bless you !
Please can we get videos on consolidation?

[@FOGAccountancyTutorials]

Consolidation is currently being worked on... expect that soon

[@maiwasekumwenda4186]

@@FOGAccountancyTutorials Thank you so much sir looking forward to it.

[@adjoaotuwamensah-afful8731]

Alright sir.

[@otimtimothyochoo8623]

I love how you explain it makes understanding easy and simple.

[@williamkaramagi494]

Thank You so much for making things seem simple. How can i get part 3?

[@faithmusyoki5848]

I thank God for you truly your explanations are understandable

[@faithmusyoki5848]

I used to see accounting very difficult to understand but your tutorials has helped me

[@ndinelaonhhaindongo3342]

You are an Excellent Tutor. These are real opening our minds.

[@takundareynold1788]

Your videos are really helpful. Thank you. Please help us with a video on budgeting I.e production,purchases,labour,trade receivables etc budget

[@FOGAccountancyTutorials]

Alright. I’ll work on them 🙏🏽

[@yellowegoodness3573]

When your time is right God will make it happen it's this movie 🍿. Nice one cast and producer. Thanks and lesson learnt.

[@ekudotfred3908]

very educative tutorials, thanks Mr. FOG from Uganda

[@MarthaNKuunamwene]

Thank you for making me get an understanding on this topic. I use to think it's a hard one but no

[@ndinelagonickanor8505]

Thank you so much.
looking for part 3 for reversal of Impairment loss, and presentation and disclosure , but cant seem to find it.

[@kehindeayowale1318]

U are really blessing souls with all these videos... Thanks and GOD BLESS..sir, is the part 3 of IAS36 out?

[@anietiewill4243]

More Grace Sir
Your teachings are really helpful

[@gracefrank501]

if the 50000 taken is not charged to proft and loss, how is it accounted for?

[@Piscofire]

So understandable very brilliant 🫡

[@ManassehAsaana]

truly it's accounting made easy for us

[@noahrachael1821]

Thank you sir. God bless you

[@chantel_JOE]

what about IAS 37🙁

[@tariromunaki6712]

Thank you

[@FOGAccountancyTutorials]

Welcome 🙏🏽

[@brightobot1927]

Hello. I have a question
For the second example where we had 660,000 as the total net asset and an impairment loss of 180,000... You said we should only recognise 30,000 impairment loss of the purchase Goodwill in the income statement as a loss. What will happen to the remaining 150,000 you said we should not touch. If this is not recognised as a loss too in the financial statement, the account will not balance.

[@olukemioluwaseun9641]

Thanks a lot, God bless you real good. For God sake sir, pleaseeeee, help me to upload CONSOLIDATED GROUP ACCOUNT in details because I,m sure I will get it if you do so your titorials have been helpful to me and many out there. THANKS IN ANTICIPATION.

[@rewa_stitches]

❤

[@fidanhuseynova2576]

I have a question. Why did you add internally generated goodwill to net asset? Internally generated asset should not be recorded as an asset.

[@fidanhuseynova2576]

Second question, what is difference between impairment loss and fall value in revalution model?

[@macloudwamalwa9606]

Good teacher. Thank you you've simplified the topic for me.

[@cathy___m]

Thank you for insightful lessons. Please release Part 3 for Reversal of Impairment Loss

[@ijaniyifaith1894]

thank u so much but sir can u do a video of measuraing recoverable account

[@iam_ssodiq]

Thank you for your time sir, looking for forward for Part 3 on IAS 36.

[@tshepangtshepi63]

you explained impairment so well I did not understand it at first

[@kusekemichael9062]

Good job sir I really I understand how you teach. but please I need video on branch account.

[@Emily.2002]

Thanks Sir for your tutorials. Please when will part 3 be ready 🙏🙏

[@nagashachristineofficial9048]

Thank you alot
You have made my accounting simplified

[@mightymuteketa5349]

Thank you sir still waiting on redemption of shares

[@sithabiletizora1574]

i really understand your explanations, thank you so much.

[@hasnahjusohkb4636]

very helpful to me.tq sir

[@height1230]

Please do a video on impairment reversal

[@barahamasulyman1725]

What a wonderful lecture

[@NatanelBrown4890]

Very straight forward, thank you

[@kizzachris3020]

Thanks so much for your efforts

[@ishaqyusuf2290]

You are a great guy. Good job I must confess .

[@charlesmiseyeki1051]

You are so fantastic teacher

[@isaacibanda2067]

This was excellent illustration

[@nshemeireaddah5313]

Blessings to you for making this easier for us 🙏

[@snothandotshabalala9457]

where can i get part 3 ?

[@berthamuthoni6858]

Really helped me

[@kluisrael952]

God bless you

[@alennyimbi9058]

Clearly understood

[@tenayihun5704]

thank you so much

[@privermasibo2089]

good job

[@oladeleolayemi2026]

God bless you

[@josephmanu5664]

Truly. GOD BLESS U. FOR ENHANCING MY UNDERSTANDING.

[@harrythompson1231]

Nice one ,please are you following