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:

Strain Theory

A sociological theory positing that societal pressures may push individuals toward deviance or crime when they are unable to achieve culturally approved goals by legitimate means.

Cultural Ideals

Shared beliefs or values within a society that represent the aspirational norms of conduct, defining what is considered desirable or worthy.

Social Reality

refers to the sum of social facts, relationships, and institutions that society agrees upon and constructs collectively.

Learning Theory

A theoretical framework describing how knowledge is absorbed, processed, and retained during learning, involving cognitive, emotional, and environmental influences as well as prior experience.