Learning outcomes

What will you learn?

The objectives, scope, and application of IAS 36 for identifying and measuring impaired assets.

Methods for determining recoverable amounts, including value in use and fair value less costs of disposal.

Recognition and allocation of impairment losses, including treatment of goodwill and non-controlling interests.

Disclosure requirements for significant assumptions, key estimates, and cash-generating units.

Practical examples illustrating the impact of impairment testing on financial reporting and decision-making.

Course content

Participants

Who is this course designed for?

Accountants and finance professionals seeking knowledge of asset impairment under IFRS.

Auditors reviewing impairment testing and financial statements for compliance with IFRS.

CFOs, financial controllers, and managers responsible for reporting on assets and goodwill.

Consultants and advisors assisting clients with IFRS implementation and financial reporting.

Pre-requisites

Necessary Qualifications

Background in accounting, finance, or business administration.

Basic understanding of financial statements and accounting principles.

Experience in financial reporting, audit, or asset management is recommended.

Familiarity with IFRS or national accounting standards is beneficial but not mandatory.

Course Content

What will you study?

Overview and objectives of IAS 36.

Identification of impaired assets and cash-generating units.

Determining recoverable amounts: value in use vs. fair value less costs of disposal.

Estimating future cash flows and applying present value techniques.

Discount rates and key assumptions for impairment testing.

Allocation of impairment losses to assets and goodwill.

Disclosures for impairment, including non-controlling interests and significant assumptions.

Illustrative examples and practical application in financial reporting.