CFA CFA Level 2 Reading 16 – Section 5.5 Impairment for Investments in Associates & Joint Ventures…

Reading 16 – Section 5.5 Impairment for Investments in Associates & Joint Ventures…

  • Author
    Posts
    • Avatar of tolly66tolly66
      Participant
        • CFA Level 3
        Up
        0
        ::

        In the referenced section, it says that impairment losses cannot be reversed for BOTH IFRS & GAAP. I thought that you could reverse impairment for IFRS to the original carry amount if the fair value changes. Is the non-reversal in IFRS only applicable for “equity method investments?”

      • Up
        1
        ::

        As far as I can tell, you’re right, you can reverse impairment for IFRS to the original carry amount under certain circumstances.

    Viewing 1 reply thread
    • You must be logged in to reply to this topic.