Available Course

IFRS – IAS 36 Impairment of Assets

>> Click here to book this training as an In-House course <<

Duration: 3 Hours
CPD Hours: Attendance at this seminar will secure 3 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Course Facilitator: Tristan White
T:  011-886-1395
E:  gillian@probetatraining.co.za

The biggest resource available to an entity is its labour force and its assets. Assets are both directly and indirectly responsible for generating income for a business. How is this done? - Assets are utilised in creating inventory, which is sold for income, - Assets are used to meet financial obligations in the form of liabilities, and - Assets are themselves sold to directly generate income. A carrying amount represents what management believes something is worth, or how much income is expected to be generated from a given asset. When assets are not capable of serving any of the aforementioned purposes, they are considered to be impaired, which simply entails that it is not likely to be worth what management have measured it at in its accounting records and an appropriate de-valuation adjustment may need to be recognised.

IAS 36’s requirements will be simplified to help you identify when it is appropriate to consider impairment in a normal business setting. Requirements covered: • Scope, i.e., which assets need to be considered for impairment • Individual asset VS Cash-generating units • Indicators of impairment • Calculating a ‘recoverable amount’ o Fair Value LESS Costs o Value in Use • Recognising and measuring an impairment loss • Reversal of impairment loss • Disclosure

Financial managers Auditors Bookkeepers Financial accountants Audit managers Audit partners Engagement Quality Control Reviewers


Strong / stable internet connection