How Often Should Goodwill Be Tested for Impairment Under IFRS

question 9

Short Answer

How often should goodwill be tested for impairment under IFRS?

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Definitions:

Product Mix

Consists of all product lines offered by an organization.

Service Level

A measure of the quality and efficiency of customer service, often defined by speed, accuracy, and satisfaction metrics.

Product Variety

The range of different products or services offered by a company to cater to various customer preferences.

Store Composition

The arrangement and organization of products, displays, and departments within a retail space to optimize customer experience and sales performance.