Application of Professional Judgment On Impairment Testing.

Application of Professional Judgment
On
Impairment Testing

INTRODUCTION
•Professional Judgement refers to the application of the accumulated
knowledge and experience gained through a relevant accounting.
•Professional judgement is a mix of ethical standards, relevant
guidelines and the experience of the accountants.
•These aid in making the informed decisions.
•The exercise demands sufficient knowledge and experience in the
process.