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Nowadays I skip my university accounting classes cause I don't understand anything there. In place, I go through your videos which are very simple and easy to understand. Thank you so much! I have got semester exams in two weeks and your videos are truly helping me.
This is a concise and comprehensive explanation which helps a lot! Thank you for that!! I have one question, what if the reversal amount was higher than the initial impairment loss, would we consider the remaining in OCI or income statement?
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in the video of 9:55, you mention about approved budget and should cover a maximum of "five years" ; does this "five years" only your estimation based on your experience? or it is written in the IAS 36 rule? thanks before....
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Hello prof. Farhat Nice job preparing this lecture - everything was really clear. Altough i feel like it lacks information about goodwill and differences between accounting goodwill against rest of assets and CGU. If you ever decide to lecture that topic I'd be very greatful. Sincerelly
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Wouldn't it still make sense to record a revaluation gain of $25k to bring the Asset up to $900k, it's true value. We're trying to show our most accurate figures on statements, as is we're just fixing a previous error without giving a true reflection of our Assets.
JazakAllah Sir Farhat, your lectures really helped me in gaining an insight of ias-36, may Almighty bless you.
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Very powerful 💪. You're my favorite when it comes to financial reporting 💗
I have really understood impairment very well. Thank you for well detailed explanation
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going to take my cpa board in the philippines in october. your financial accounting videos are great help in refreshing concepts.
Best lectures on UA-cam, very clear, and in-depth. thank you!
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Nowadays I skip my university accounting classes cause I don't understand anything there. In place, I go through your videos which are very simple and easy to understand. Thank you so much! I have got semester exams in two weeks and your videos are truly helping me.
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Ur the best lecturer of CPA,salute to u sir...
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I learned so much in this video rather than listening to our teacher's 2 hour lecture. Thanks!
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This is a concise and comprehensive explanation which helps a lot! Thank you for that!!
I have one question, what if the reversal amount was higher than the initial impairment loss, would we consider the remaining in OCI or income statement?
Jazak 'Allah
Mr Farhat you really explained in elaborate way and with good practical examples
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God bless you Mr. Farhat
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Wonderful teaching ❤
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Very well explained, Thank you so much
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Very well explained. So easy to under. Thanks
Jazakallah sir.. It helped me out so much... i am really thankful to u..
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in the video of 9:55, you mention about approved budget and should cover a maximum of "five years" ; does this "five years" only your estimation based on your experience? or it is written in the IAS 36 rule? thanks before....
what happens with the extra $25000 since in theory the new book value of the equipment is $900000 which is above $8750000. for reference min 22:37
Great lecture
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Thanks Farhat for quick revision of this IAS.
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i benefited a lot from this lecture thanks
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Greate lecture like others
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Hello prof. Farhat
Nice job preparing this lecture - everything was really clear. Altough i feel like it lacks information about goodwill and differences between accounting goodwill against rest of assets and CGU.
If you ever decide to lecture that topic I'd be very greatful.
Sincerelly
Did you check my intermediate accounting lessons? Chapter 12?
ua-cam.com/video/F1dnky5d8po/v-deo.html
wow sir...respect from Pakistan. Hats off
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Thank you for this video sir!
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Thank you!
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Sir what is the difference between impairment and revaluation
Thanks Prof. very clear and understood
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Tysm!
Hi Sir
How the increase in interest rate requires us to impair an asset, I am not able to connect this ?
Wouldn't it still make sense to record a revaluation gain of $25k to bring the Asset up to $900k, it's true value. We're trying to show our most accurate figures on statements, as is we're just fixing a previous error without giving a true reflection of our Assets.
Great lessons, but you need make it a bit slow to understand
Amazing, but the accent got me rewinding 5second back again and again haha.