n IMFO : Official Journal of the Institute of Municipal Finance Officers - Basics of impairment
|Article Title||Basics of impairment|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Affiliations||1 Drakenstein Municipality|
|Publication Date||Winter 2014|
|Pages||16 - 18|
The two standards of GRAP on impairment, namely cash- and non-cash generating assets (GRAP 21 & 26), contain a number of principles within their first few paragraphs which are subject to a huge amount of interpretation, and many times an incorrect interpretation is made. On the difference between a cash generating and non-cash generating asset in a public sector environment heavy discussions have arisen at various forums.
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