aufgeholt
English translation: reversed
| 11:03 Mar 23, 2007 |
| German to English translations [PRO] Bus/Financial - Accounting | |||||
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|  Selected response from: RobinB United States Local time: 07:10 | ||||
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| Summary of answers provided | ||||
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| 5 +2 | reversed |
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| 4 | written up |
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Answers
10 mins confidence: 
written up Explanation: Goodwill impairment may not be written up in subsequent periods. "Intangible assets being amortized shall be reviewed for value loss (impairment), with writedowns in value being mandatory. Any write-up in value is not allowed. " Reference: http://www.bia.com/services_fasb_statement142.asp |
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1 hr confidence: peer agreement (net): +2
peer agreement (net): +2reversed Explanation: Sorry to have to disagree with Alison on this one, but I'm afraid that SFAS 142 does not use the terms "write-up" or "written up" in the context of impairment losses. And unfortunately the reference source that Alison gives: "Intangible assets being amortized shall be reviewed for value loss (impairment), with writedowns in value being mandatory. Any write-up in value is not allowed." looks like it was inserted by a non-native speaker. Impairment losses are *reversed*, or not in the case of goodwill and other indefinite-lived assets. IAS 36.124: "An impairment loss recognised for goodwill shall not be reversed in a subsequent period." "Ein für den Geschäfts- oder Firmenwert erfasster Wertminderungsaufwand darf nicht in den nachfolgenden Berichtsperioden aufgeholt werden." The wording of SFAS 142 is almost identical (FAS 142.20): "Subsequent reversal of a previously recognized goodwill impairment loss is prohibited once the measurement of that loss is completed." |
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