IAS 36: Impairment

The core principle in IAS 36 Impairment of Assets is that an asset must not be carried in the financial statements at more than the highest amount to be recovered through its use or sale. Therefore, in times of economic disruption, impairment rears its ugly head and becomes a financial reporting issue impacting all entities, in all industries. If you're dealing with questions regarding impairment, we've got you covered with this CPE-eligible (2.0 CPE credits) IAS 36 CPE eLearning course collection!

The first eLearning course reviews the scope of IAS 36 and when different types of assets need to be tested for impairment. It also teaches the various levels at which assets are tested for impairment, including the proper sequencing of your impairment tests. Topics covered include:

• Objectives and scope of IAS 36
• Timing of impairment testing
• Level of impairment testing
• Sequence of impairment testing
• Introduction to the asset impairment test

After that, the next course in the IAS 36 CPE course collection reviews how to determine the recoverable amount. It also provides an overview of how to measure, recognize, and disclosure impairment losses in your IFRS financial statements. Topics covered include:

• Overview of the asset impairment test
• Determining value in use
• Determining fair value less costs of disposal
• Reasonableness tests
• Measuring and allocating the impairment loss

Start your IAS 36 impairment testing training today. Purchase these IAS 36 CPE courses as a bundle and save!

Interested in group discounts for your team? Contact us to learn more.