Recoverability test. Reduction to recoverable value. Value in use. Carrying value. Fair value.

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Published on Apr 25, 2023

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Slides for this class: https://professorquintino.com.br/slid... Content: 00:11 - Reduction to recoverable value - Definition 00:22 - Importance of revaluation 00:33 - Faithful representation - one of the qualitative characteristics of accounting information 00:40 - Book value greater than recoverable value 00:55 - Graph comparing book and recoverable values. 01:18 - Why is it called impairment 01:37 - What is the recoverability test for? 01:54 - Book value - Concept 02:40 - Recoverable value - Concept 03:00 - Net fair value - Concept 03:16 - Value in use 03:26 - How to determine value in use 04:08 - Cash flow chart 04:43 - Premium Exercise - Part 1 05:46 - Exercise - Part 2 - Assessment after damages 07:05 - Calculation of impairment 07:37 - Filling in the ledgers 08:05 - What will be included in the BP 08:41 - Important detail - Review 09:07 - When does the test take place? 09:32 - Reassessment of remaining useful life 10:15 - How year 6 ended 10:43 - Closing year 7 11:00 - Exercise - 3rd part - Installation of new components and new test 11:40 - Recovery record 12:05 - Exercise - 4th part - Recoverable value well above the accounting value 12:55 - The initial useful life cannot be exceeded 13:20 - Returning to the initial speech 13:36 - Closing ------------------------------------------- On this website of Professor Quintino 🔗(https://professorquintino.com.br), 🔎you will find the channel's videos organized by discipline and in sequence, according to the syllabuses of the academic disciplines. Visit: https://professorquintino.com.br -------------------------------------------- Subscribe to the channel at this link: 👊 https://www.youtube.com/@professorqui... -------------------------------------------- In the following list, there are the links to access the videos, organized in order, according to the main syllabuses of the subjects explored in the channel. 🔗 Video that brings together all subjects: • Video links, organized in sequence... 📕 Basic Accounting: • Basic Accounting. Video links... 📗 Intermediate Accounting: • Intermediate Accounting. Video links... 📚 Advanced Accounting: • Advanced Accounting. Video links... 📘 Cost Accounting: • Cost Accounting. Video links... 📙 Tax Accounting: • Tax Accounting. Video links... 📔 Accounting Theory: • Accounting Theory. Links to videos... 📒 Analysis of Financial Statements: • Analysis of Financial Statements. ... 🌎 Economics: • Economics. Links to videos, in sequence... 📈 Financial and Capital Markets: • Financial and Capital Markets. Lin... 💰 Financial Education: • Financial Education. Links to videos... ---------------------------------------------------------------- Topics covered: recoverability test, recoverable amount, values in use, fair value, net fair value, cash flow, present value, reduction to recoverable amount, balance sheet, ledgers, asset reduction accounts, expense for losses to recoverable amount, income for recovered loss, change in depreciation, useful life, accumulated depreciation,

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