Intangibles/ Impairment
Patents, Copyrights,Trademarks or trade names are an examples of:_________________________
what are the common type of intangibles?
Right to control the use of the identified assets
What is the definition of lease?
Determine the adquisitoin date is an step of _________
What is a purchase method?
It was established in June 1973 and devised and published International Accounting Standards (IAS)
The International Accounting Standards Committee (IASC)?
currency of the main economic environment in which the entity operates
What is functional currency?
Identifiable non- monetary assest whitout physical substance
What is intagible assets?
The purchase option at prices sufficiently lower than fair value is a ________________
What is the Financial lease indicator?
It has a presence on the board or it has at least 20% of the shares
What is significant influence?
They are unilateral contracts that establish the right to buy (call) or sell (put) on a defined date, in exchange for the payment of a premium
What is an option?
items that are not recognize in the balance sheet but has a tax base.
What is book value items?
Research phase and Development phase
which are the phases of the internally generated intangible assets?
The lessees will record in balance all the contracts of lease , except for leases of:______________
What is low value asset or short term asset?
Substantive rights to direct relevant activities
What is power?
Create rights and obligations associated whit a good or with an underline value.
What is financial instrument?
-Pensions and other benefits to employees paid in cash.
-Provisions that are settled in cash.
-Cash dividends recognized as liabilities.
These items are example of....
What are example of monetary items?
Obsolescense , physical damage and significant changes are examples of:________________
What are the examples of the internal resources for the indications of impairment?
An enforceable promise in a contract with a costumer to transfer a good or service to the customer.
What is the definition of performance obligation?
Equity in a subsidiary that is not attributable directly or indirectly to a parent
What is non- controlling interest?
The measurement for contract characteristics for cash flow of capital and interest.
What is amortization cost
It is the tax for the period (caused + deferred) /Profit before taxes.
What is effective rate?
Present Value of the future cash Flows to be drive from an asset
What is Fair Value?
A good o service is considered transferred when the client obtains__________
What is control??
The book value increase / decreased based on the participation of the investor in the result of the equity.
What is the equity method?
Have a significant increase in in credit risk since initial recognition, but do not have objective evidence of impairment.
What is a characteristic of the stage 2, of the impairment model?
Information is available in time to influence the decision of the users.
What is the definition of timeliness?