IAS 36 – Impairment of Assets

This course provides training in the background, scope and principles under IAS 36 Impairment of Assets, and the application of this Standard. The core principle in IAS 36 is that an asset must not be carried in the financial statements at more than the highest amount to be recovered through its use or sale.

Topics covered include the calculation of recoverable amount, understanding indications of impairment and any reversals. The concept of cash generating unit is also explained.

Course Key Concepts: Impairment, International Financial Reporting Standard, Cash Generating Unit, Recoverable amount, Accounting Reporting, Assets.