With many businesses being forced to slow down operations, the need to impair a business’ assets becomes a real issue standing in the way of faithful financial reporting.
IAS 36 Impairments places a responsibility on all businesses to consider writing down assets.
Join us for a session that takes a look at
- When it is necessary to impair and when you won’t need to,
- How to calculate a recoverable amount for impairment purposes,
- What the knock-on effect will be for depreciation purposes and
- How impairment affects revalued assets.
IAS 36: Impairments
• Scope
• Indicators of impairment
• Minimum requirement every year
• Determining a recoverable amount
• Recognition and Reversal
• Disclosure requirements
