Thomas TsangJun 171 minTiming for impairment test on goodwillIn Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
Thomas TsangMar 301 minPrior year errorWhen there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
Thomas TsangNov 20, 20231 minImpairment test under US GAAPUnder US GAAP, the carrying amount of the assets is compared to the undiscounted future cash flow of the assets generated. If the amount...
Thomas TsangMay 29, 20231 minDiscount on enterprise valueWhen apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x...