IAS 36 Impairment of Assets

IAS 36 ensures that assets are not carried at more than their recoverable amount, thereby maintaining the reliability and relevance of financial statements. By adhering to the standard’s guidelines, entities provide a transparent view of their asset valuations, enhancing stakeholder confidence in the financial reporting process.

With this objective in mind and recognizing the complexities of IAS 36, I designed this course to simplify these topics for students. I incorporated more audiovisual presentations than textual content to increase student engagement, including videos to explain key examples.

In this course, I have unraveled the complexities of determining value in use, carrying amount, recoverable amount, and fair value. The allocation of impairment loss to Cash Generating Units (CGUs) and goodwill is effectively explained through practical examples. Additionally, the reversal of impairment loss and its allocation to CGUs are thoroughly covered. The course also explains asset valuation models, such as the Cost Model and Revaluation Model, in the context of assessing impairment loss and the corresponding accounting journal entries, in an easy and understandable manner. The full version of IAS 36 has been provided in a downloadable format in the last section of the course. A few quizzes have also been included to stimulate your thought process on the topics covered in the course.

Who this course is for:

• Accounting Students at all level of their studies
• Accounting professionals interested in enhancing and polishing their knowledge of assets impairment process