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    "To be or not to be": impairment practices among Indian listed companies

    Wang, Jing; Hooper, Keith

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    Wang & Hooper COC__Volume_11_Issue_4_Summer_2014.pdf (388.0Kb)
    Date
    2014
    Citation:
    Wang, J., and Hooper, K.C. (2014). "To be or not to be": impairment practices among Indian listed companies,. Corporate Ownership & Control Journal 11 (4): 184-192.
    Permanent link to Research Bank record:
    https://hdl.handle.net/10652/2884
    Abstract
    India is converging its practices to be consistent with IFRS, but in the case of goodwill impairment how much consistency is there among Indian companies and auditors, and how much impairment has been disclosed. The paper investigates these questions. Arguably, the issue of how India writes-down goodwill is important as Indian companies and the Indian share market are influential throughout the world. It is a question of recognition, measurement and disclosure. The findings are that different methods of writing down goodwill are recognised implying different methods of measurement. There is even more inconsistency around disclosure as nearly half of the top 50 companies analysed on the Bombay exchange failed to mention any write down of goodwill. Some companies claimed that they were testing for impairment but no case of actual impairment was reported. This, in spite of some compaines reporting declining earnings and share price.
    Keywords:
    India, Bombay, Goodwill, Impairment, Write-downs
    ANZSRC Field of Research:
    150104 International Accounting
    Copyright Holder:
    Virtus Interpress
    Rights:
    This digital work is protected by copyright. It may be consulted by you, provided you comply with the provisions of the Act and the following conditions of use: Any use you make of these documents or images must be for research or private study purposes only, and you may not make them available to any other person. You will recognise the author's and publishers rights and give due acknowledgement where appropriate.
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