FRSIC Consensus 4 – Accounting Treatment For Impairment Of Goodwill In Situation Where Court Approval Has Been Obtained To Write It Off Against Reserves (27 March 2008)

The effective date of the application of this FRSIC CONSENSUS was 27 March 2008.

The release of FRSIC Consensus 4 – Accounting Treatment For Impairment Of Goodwill In Situation Where Court Approval Has Been Obtained To Write It Off Against Reserves provides guidance, on accounting treatment of impairment of goodwill in the situation where court approval has been obtained to write off goodwill against reserves account, for example, share premium account as allowed under Section 64 of the Companies Act, 1965.

You can download FRISC Consensus 4 here: http://www.frsic.my/consensus_consensus.asp

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