HKAS36 - Impairment of Assets - Workshop 2017

This workshop aims to give you insights on the overview of HKAS 36 Impairment of Assets. It will be based on the current financial reporting standards applicable in Hong Kong and will focus on the practical application to this standard.

Key topics covered:

  • Objective of HKAS 36
  • Indications of impairment
  • Determining of recoverable amount
    • Fair value less costs to sell
    • Value-in-use
  • Impairment of non-financial assets
    • Goodwill
    • Intangible assets with indefinite useful live
  • Impairment of financial assets
    • Investments
    • receivables
  • Identification of cash generating unit (CGU)
  • Impairment of CGU
  • Reversing an impairment loss
  • Disclosure

Trainer profile:

Kamsuo Wong, MA LLM MBA FCPA(Aust.) CPA(HK) CPFA (UK)

With three Master’s degrees under his belt, Kamsuo Wong, a candidate for a Doctorate degree of Education, is highly regarded as a multi-faceted academic backed by over fifteen years of extensive professional experience in accounting. He is a professional accountant in Hong Kong, United Kingdom and Australia and the member of Hong Kong Institute of Certified Public Accountants (CPA), Chartered Institute of Public Finance and Accountancy (CPFA), and CPA Australia (FCPA). He is also the Expert Council Advisor of International Financial Management Association. He is currently the Assistant Professor of Centennial College (an independent College established by University of Hong Kong), Adjunct Lecturer at a number of universities and tertiary education institutions.

Learning objectives

  • Understand the purpose of the impairment test for assets
  • Understand when to undertake an impairment test
  • Explain how to undertake an impairment test for an individual asset
  • Impairment losses for cash generating units
  • Impairment of goodwill
  • Account for reversals of impairment losses


This workshop is suitable for accountants and finance professionals to gain knowledge of HKAS36. Those who are interested in this topic are welcome to attend.

3 hours