What is CGU……. We have heard a lot of times that impairment should be carried at the individual CGU levels. now, what is this CGU… Here is what we have discussed some of the excerpts; A cash-generating unit is “the …
Scope This Standard shall be applied in accounting for the impairment of all assets, other than: inventories; contract assets and assets arising from costs to obtain or fulfil a contract that are recognized in accordance with IFRS 15 Revenue from Contracts with …