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What types of factors might impact the recognition of a writedown I

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What types of factors might impact the recognition of a
writedown? Is it merely the economy, or are there other
things that might impact operations?
Solution
Answer:The types of factors that might impact the
recognition of a write down include its valuation processes
as well as its valuation methods apart from economic
factors. No it is not merely the economy as there are
several other non economical factors that impact the
operations. Net income is higher under IFRS than US
GAAP because of the difference in measurement of
goodwill. In case of IFRS goodwill is included as an asset
whereas in case of GAAP it can be included only during
liquidation. The differences in reported amounts for
deferred taxes among
the most frequent between the IFRS and the U.S., despite
the fact that the two follow similar approaches for
accounting for taxation is because they have certain
differences.

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What types of factors might impact the recognition of a writedown? Is it merely the economy, or are there other things that might impact operations? Solution Answer:The types of factors that might impact the recognition of a write down include its valuation processes as well as its valuation methods apart from economic factors. No it is not merely the economy as there are several other non economical factors that impact the operations. Net income is higher under IFRS than US GAAP because of the difference in measurement of goodwill. In case of IFRS goodwill is included as an asset whereas in ...
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