The purpose of IAS 36 Impairment of Assets is to determine whether any of the assets carried by an entity are being held at too high a value. The result of the impairment testing is not to revalue assets upwards; it is to book an impairment loss, reverse a previously recognised impairment loss, or do nothing.
Updated in 2019, this course provides an overview of the key requirements and impacts of IAS 36 Impairment of Assets as they relate to reporting entities in all industry sectors. It also covers how to apply the requirements, using practical situations.
Key topics:
- Principles of impairment
- Impairment indicators
- Impairment losses
- Cash-generating units and corporate assets
- Case study
This course consists of one interactive online course, one downloadable PDF learning manual and one online assessment.
