IAS 36: Impairment

When economic conditions change, impairment can quickly become a significant financial reporting issue. Our IAS 36 CPE courses explain when impairment testing is required and how impairment losses are measured under IAS 36, Impairment of Assets.

This collection includes two self-study courses eligible for 2.0 CPE credits. The courses address the level at which assets are tested for impairment, the sequencing of impairment tests, and the determination of recoverable amount. They also explain the two key components of recoverable amount - value in use and fair value less costs of disposal - and how impairment losses are measured.

Topics covered include:

• When impairment testing is required
• The level at which assets are tested
• Sequencing of impairment tests
• Recoverable amount
• Value in use
• Fair value less costs of disposal
• Measurement of impairment losses

Further details

The collection first addresses when impairment testing is required and, just as importantly, the level at which that testing should be performed. Learners consider individual assets and the broader units of account used by IAS 36, Impairment of Assets, together with the sequencing of impairment tests when several assets or groups of assets may be affected.

The courses then focus on recoverable amount, the key measurement concept in IAS 36. That requires understanding both value in use and fair value less costs of disposal and how those measures are used to determine whether an asset is impaired. Once an impairment is identified, the training explains how the loss is measured and reflected in the financial statements.

Because impairment often becomes most important when economic conditions deteriorate, the collection emphasizes the judgments behind the model - where to test, what assumptions matter, and how the measurement conclusion flows into the reported numbers.

Who will benefit

These IAS 36 CPE courses are designed for financial reporting professionals and auditors responsible for impairment analyses involving long-lived assets, intangible assets, cash-generating units, or other assets within the scope of IAS 36. They are particularly useful when changing economic conditions, underperformance, or other indicators make impairment testing a current reporting issue.

Value proposition

Purchase both courses for $179 instead of $240 if purchased separately—a savings of $61.

Interested in group discounts? Contact us today to learn more.