Define new asset categories


M

Matt

Is there a way to redefine the asset categories. Large,
mid, small, bonds other doesn't do it for me. My
allocation is based on real estate, commodities, domestic
and international. How can I redefine this?
 
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Well new accounting standards from IFRS just classifies assets just Current and Non-current assets. It can be any class of asset. When it comes to impairment review, the same type (for example bonds, machinery etc.,) asset classes are checked for impairment in a CGU.
 
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bklynboy

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I think he is speaking about investment allocation categories not accounting/reporting
 

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