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…

  • This topic has 1 reply, 2 voices, and was last updated Aug-19 by fabian.
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    • tolly66
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      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?”

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

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