Abstract
Indecision, disagreement and confusion surround the literature on and accounting standards relating to a recoverable amount (RA)test and discussion about the appropriateness of discounting expected net future cashflows in the determination of RA. While a RA test is widely used in accounting standards, the concept and test in the professional literature and accounting standards is vague and ambiguous. Consequently the test is difficult to interpret and analyse rigorously. There is a need for an explicit conceptual basis to support accounting standards and practice relating to a RA test.
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