IFRS: Impairments (IAS 36)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IAS 36, Impairment of Assets, including the following:

• The scope of IAS 36 and assets not covered under the standard
• Testing an asset for impairment
• Recognizing and measuring the amount of an impairment loss, if any, as well as determining when it's appropriate for an entity to reverse an impairment loss

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Objectives

Learning Outcomes

• Identify when an entity should test for impairment.
• Recall how to test an asset or cash-generating unit for impairment.
• Recall how to measure and recognize impairment losses.
• Identify possible reversals of previously recognized impairment losses and how to measure and recognize such reversals.