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Economic Consulting Services
Economic Consulting & Verifications represent such services that Global Consultants provide to organizations and governmental entities in the State of Kuwait, in all main professional areas, through highly qualified consultants having a deep-rooted experience and know-how on the local and international levels, enabling makes us to maintain the trust and confidence of our clients.
Economic Consulting Services
Feasibility Studies
Business Valuation
Valuation for Impairment Test
Mergers and Acquisitions
Business Plan
Corporate Restructuring
Corporate Finance
Services
Management Consulting Services
Quality Systems Consulting Services
Training Services
 
Valuation for Impairment Test
It is imperative that assets of an organization should reflect its fair value to be a useful tool enabling shareholders to take correct decisions. Assets are the main driver of a company performance. The company financial statements are the document which reflects its financial position at certain time.
Asset impairment could occur in many cases including changes to regulation or business climate, declines in usage rate, technology changes, or potential significant drop in the long-term profitability of an asset. Among assets impaired are the fixed assets, long term investments such as investment in subsidiaries and affiliates, equity, and intangible assets, except for such assets excluded by the International Accounting Standard (IAS) 36.
Asset impairment test is governed by International Accounting Standard (IAS) 36, and IAS (39) which provides that assets are impaired when their net carrying amount (book value) is greater than their recoverable amount. Assets are normally tested at the end of each financial year.
Due to lack of information available to investment environment of unquoted subsidiaries and affiliates, Global Consultantsí role is very significant in assisting its clients in testing asset impairment and determining value for the impairment loss if any to be recognized in the financial statements.
 
 
GLOBAL CONSULTANTS
KUWAIT
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Tel: +965 1828283
Fax: +965 2294 2649
  Contact Us
info@gckw.com
  Accredited in training by the "International Accreditation Organization"