ASSET IMPAIRMENT IN JOINT VENTURES
https://doi.org/10.5281/zenodo.15390769
Keywords:
Asset Impairment, Joint Ventures, Financial Reporting, Accounting Standards, IFRS, IAS 36, Financial Analysis, Impairment Testing, Business Collaboration, Financial ImpactAbstract
This article examines the concept of asset impairment within joint ventures (JVs), a common business arrangement where two or more parties collaborate in managing and operating a business entity. Asset impairment is a significant concern for financial reporting and can severely impact the financial statements of a joint venture. The paper explores the recognition, measurement, and reporting of impaired assets, offering insights into the challenges and complexities involved. Additionally, the article outlines the key methods for determining impairment, the financial consequences for joint ventures, and how such impairments affect stakeholders. Through an extensive literature review and qualitative analysis, the study seeks to highlight best practices and provide recommendations for managing asset impairment within JVs.
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References
Azmy, A., & Bujang, I. (2020). Asset Impairment and Financial Performance in Joint Ventures: A Case Study Approach. International Journal of Financial Management, 12(3), 55-72.
Deegan, C. (2014). Financial Accounting Theory. McGraw-Hill Education.
Giner, B., & Huguet, A. (2017). The Impact of Asset Impairment on Financial Decision-Making. Journal of Accounting and Economics, 64(1), 1-24.
Koller, G., Dobbs, R., & Hennessey, P. (2021). Valuation: Measuring and Managing the Value of Companies. Wiley Finance.
International Accounting Standards Board (IASB). (2018). IAS 36: Impairment of Assets. IFRS Foundation.
U.S. Financial Accounting Standards Board (FASB). (2019). ASC 360: Property, Plant, and Equipment. FASB.
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- 2025-05-12 (2)
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
