A Study of Impairment of Assets

• Main Authors: Kao, Szu Yun, 高斯筠
• Other Authors: 李建然
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/10001922388217533516

碩士 === 國立臺北大學 === 會計學系 === 94 === In July 2004, Taiwan’s Financial Accounting Standards Committee of the Accounting Research and Development Foundation issued Statement No.35, “Accounting for the impairment of assets”. This accounting standard was effective for financial year ending after December 31, 2005, with early application encouraged. The measurement of impairment losses considers the concept of fair value in financial statement, which is different with historical cost accounting. The study discusses how members of key groups view the new standard. The study interviewed several CFOs, auditors and investors to realize how do companies test the asset impaired, what are the difficulties when going through the testing process, what are the key issues to measure the asset impaired successfully, and what are the benefits for the measurement. Furthermore, the study also discussed how does the new standard influence the decision- making of investors, and if the financial statement prepared accordingly provide more relevant information for users of financial statement. Finally, this study recommends some appropriate suggestions to CFOs, financial analysis, accountants and regulators.