Keep carrying values true to the real world.
Mark assets up to fair value, write them down when they lose value, reverse a past impairment when conditions recover, and manage decommissioning provisions, with a full history of each change.
- Fair value revaluation
- Impairment and reversal
- Retirement obligations
What you can do with Revaluation & Impairment.
Revalue assets, recognise and reverse impairment, and manage retirement obligations.
Revaluation
Mark an asset up to fair value under the IFRS / Ind AS revaluation model, with its valuation basis.
Impairment
Write down carrying amounts for damage, obsolescence or market changes, supporting IAS 36 and Ind AS 36.
Reverse impairment
Reinstate value when conditions recover, up to the original historical cost ceiling.
Retirement obligations
Recognise decommissioning provisions with a discount rate and settlement target, supporting IAS 37 and ASC 410.
Accretion
Accrete each provision over time and see its history.
History & GL posting
Review every event, export reports and check the GL posting status of revaluations.
Every value change has a reason on record.
Each revaluation, impairment and reversal keeps its date, old value, new value and basis, so you can explain how an asset reached its carrying amount.
- Surplus and deficit shown for each event
- Valuation basis recorded with each change
- Impairment indicators required on write-downs
- CSV exports for your auditors
Revaluation & Impairment, step by step.
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1
Select
Pick the asset and see its current book value.
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2
Value
Enter the new value and the reason behind it.
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3
Post
Record the event and follow its GL status.
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4
Report
Review history and export for audit.
Revaluation & Impairment questions, answered.
Can an impairment be reversed?
Yes. You can reinstate the carrying amount, up to the original historical cost ceiling, with a justification.
What is an asset retirement obligation?
A provision for the cost of dismantling or restoring an asset at the end of its life. Inai Assets records it and accretes it over time.
Which standards are supported?
The screens follow IFRS and Ind AS revaluation, IAS 36 / Ind AS 36 for impairment, and IAS 37 / ASC 410 for retirement obligations. Please review your treatment with your auditors.
Explore other Assets modules.
Acquisitions, depreciation, maintenance, movements and disposals all work from the same asset record.
See Revaluation & Impairment in action.
Book a free Assets demo and we will walk you through revaluation & impairment using scenarios from your business.