To prepare a forecast must be realistic and achievable. The assumptions need to be supported by factual information such as historical information, current factual information or publicly available forecast.
Although judgement is usually required, it must be realistic and convincing.
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
In Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
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