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As 28

Shubham Jain (Haryana) (131 Points)

10 March 2018

What is top down and bottom up approach in calculation of recoverable amount for goodwill?

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Pranay (CA final) (31 Points)
Replied 12 March 2018

first you must understand what a Cash generating unit is .A CGU is the smallest unit which is capable of generating independent cash flows.
In bottom up we compare the cash flows of company as a whole vs the cash flow of the independent CGU

Shubham Jain (Haryana) (131 Points)
Replied 12 March 2018

I think it is top down in which we first look cgu as a whole and then allocate it to goodwill

Pranay (CA final) (31 Points)
Replied 12 March 2018

plz go through the As and Ind As it's crisply written

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