Synopsis:
Impairment assessment involves significant judgement and is sensitive to changes in economic conditions, assumptions, and business risks. Continued regulatory scrutiny and evolving business models make a consistent and well-supported application of IAS 36 remain critical to financial reporting.
This module equips aspiring accountants as well as accounting and finance professionals with the knowledge to understand and apply the financial reporting requirements for asset impairment under IAS 36. Key computation concepts and application principles are illustrated through relevant and practical case studies.
The module covers:
The three key steps in assessing, evaluating and estimating asset impairment losses
Determination of recoverable amount: Fair Value Less Costs of Disposal versus Value in Use
Application of concepts through practical case studies
Intended For:
Competency Mapping:
CPE Category 1 = 1.0 CPE Hour
CA(M), CPA