banner_ad

Impairment loss

263 views 3 replies
Can impairment loss be reversed next quarter if the internal and external indicators are in favour. Standard says impairment testing has to be done at least annually.

So if in Q3 we booked an impairment loss due to worse indicators, is it capable if getting reversed in Q4

Please advise.
Replies (3)
Loss should be immediately recognised in P&L
and in case if there is increase in value of assets.. then credit P&L upto the original carrying value of the asset.. and excess of it shall be credit against revaluation reserve
Can I reverse the impairment loss next quarter itself or is there a time frame
Reversal is done in those cases where a wrong entry passed in the system
Post revaluation entries as per Ind AS


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details