Understanding and challenging asset

Contents
EXECUTIVE SUMMARY.................................................................................2
INTRODUCTION............................................................................................2
MAIN BODY..................................................................................................2
Understanding and challenging asset valuation in financial reports........2
Impact on the financial statement of the company..................................2
Revaluation of an Asset and Loss on Impairment.......................................3
CONCLUSION...............................................................................................3
References..................................................................................................4

EXECUTIVE SUMMARY
The main challenges and difficulties which companies face in calculating
and reporting impairment loss of the company.The main challenge in
preparation of the financial statement of the company and disclosing such
impairment loss in the financials of the company which lead to decrease
in the profit of the company and reduction of retained earning of the
company.