Discussion Post: Financial Analysis
• Describe circumstances that may indicate that a company's assets may have become impaired.
• Define the impairment loss.
• When should companies carry out a review for impairment of assets?
• Define the following terms relating to IAS 37.
o Contingent assets
o Liability
o Contingent liability
o Provision.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.