Course Description

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:

  1. Identification of assets subject to impairment assessment under IAS 36
  2. The three key steps in assessing, evaluating and estimating asset impairment losses

  3. Determination of recoverable amount: Fair Value Less Costs of Disposal versus Value in Use

  4. Application of concepts through practical case studies


Intended For:

  • Audit Professionals / PAIP 
  • Finance Professionals  / PAIB 
  • Public Sector Finance
  • C-suite & Directors

 

Competency Mapping:

CPE Category 1 = 1.0 CPE Hour

Instructor Image

Jessica Hong

CA(M), CPA

Jessica’s career with PricewaterhouseCoopers had given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provided her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training local and international experiences made her an invaluable resource to participants in her financial skills programmes. Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating. Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments. Jessica is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore. She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard). Some of her major clients she worked with during her career include Malvern International, ACCA, CTBC Bank, MSIG, OCBC Bank and Central Bank of Malaysia.

Course Rating

Speaker's Rating

1 CPE Hour

Lesson(s)

6

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