IAS 36 Impairment of assets

Date

Ongoing

Time

On-demand

CPE Hours

45 minutes

Competency

Core

Location

eLearn

Price

€30

Course Description

This e-Learn aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts.

Our instructors – experts in IFRS – designed the professional materials according to the IAS 36 Impairment of assets standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.

Course Structure

The eLearn introduces the following topics:

  • Introduction
  • Definitions: definition of impairment, purpose of accounting for impairment, scope of IAS 36 Impairment
  • Recognition: impairment decision tree, triggering event review, impairment indicators, test for impairment
  • Measurement: recoverable amount, fair value less cost to sell, value in use, cash generating unit, reversal of impairment, limitation of the reversal of impairment, examples
  • Disclosures
  • Test your knowledge

Should Attend

This course is intended for professionals in financial and actuarial functions.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

Final quiz will test your knowledge.

Key-Features

This course will enable you to:

  • identify the scope of IAS 36 standard and situation when to apply IAS 36 standard
  • identify when to perform an impairment test
  • make a distinction between a triggering event review and an impairment test 
  • identify indicators of impairment
  • define recoverable amount as the higher of value in use and fair value less costs to sell identify a cash-generating unit
  • understand the steps for allocation of impairment for a cash generating unit
  • review IAS 36 standard’s disclosure requirements

Course Structure

The eLearn introduces the following topics:

  • Introduction
  • Definitions: definition of impairment, purpose of accounting for impairment, scope of IAS 36 Impairment
  • Recognition: impairment decision tree, triggering event review, impairment indicators, test for impairment
  • Measurement: recoverable amount, fair value less cost to sell, value in use, cash generating unit, reversal of impairment, limitation of the reversal of impairment, examples
  • Disclosures
  • Test your knowledge

Should Attend

This course is intended for professionals in financial and actuarial functions.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

Final quiz will test your knowledge.

Key-Features

This course will enable you to:

  • identify the scope of IAS 36 standard and situation when to apply IAS 36 standard
  • identify when to perform an impairment test
  • make a distinction between a triggering event review and an impairment test 
  • identify indicators of impairment
  • define recoverable amount as the higher of value in use and fair value less costs to sell identify a cash-generating unit
  • understand the steps for allocation of impairment for a cash generating unit
  • review IAS 36 standard’s disclosure requirements

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