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Article: Asset impairment accounting and appraisers: evidence from Japan.
- Article from:
- Appraisal Journal
- Article date:
- March 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 The Appraisal Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ABSTRACT
The asset impairment accounting system has been introduced throughout the world since the mid-1990s. Even in Japan it has been extensively introduced since 2006. This article clarifies the characteristics of companies that used asset impairment accounting and the actual conditions of appraisers' involvement. The analysis shows that companies with high land-impairment ratios are conspicuously likely to select an appraiser's valuation. Appraisers' participation in asset impairment accounting restricts directors' discretionary behavior and suggests the possibility of increasing financial reports' reliability.
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Japan experienced ...
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Article: Asset-impairment rules hotly debated, NATION
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September 17, 2001 ;
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... ... about ICAAT's controversial TAS 36 asset-impairment standards. The economic downturn ... SET), are arguing that the TAS 36 asset-impairment standard, which requires an immediate ... his country as well as in Europe, asset-impairment standards such as TAS 36 were also ...
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