The Institute of Chartered Accountants of India
(Setup by an Act of Parliament)
(Setup by an Act of Parliament)
The objective of this Standard is to prescribe the procedures that an entity applies to determine whether a non-cash-generating asset is impaired, and to ensure that impairment losses are recognised. This Standard also specifies when an entity would reverse an impairment loss, and prescribes disclosures.
The Exposure Draft is open for comment until 31st July, 2019
| Due process documents |
| Exposure Draft of the Accounting Standards for Local Bodies (ASLBs) 21 Impairment of Non-Cash-Generating Assets [PDF] |