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IFRS - IAS 36 - Application Issues - Impairment of Long-Lived Assets and Goodwill   

2

Total CPE
Tuition
$195.00
Approximate Length
02:00:00
Course Number
17-WB-603
2

Total CPE
Tuition
$195.00
Approximate Length
02:00:00
Course Number
17-WB-603

Course Details

Through the use of a case study, this course explains how cash generating units are determined for testing for impairment under IAS 36. The course also explains how the recoverable amount of an asset or a cash-generating unit is calculated, how the impairment charge is allocated to the underlying assets in a cash generating unit, and how the reversal of impairment is accounted for. The course describes the presentation and disclosure requirements for impairment of assets. The course covers application guidance for concepts covered under IFRS – Impairment of Assets IAS 36, which is a recommended prerequisite for this course.

By the end of this course, participants should be able to:

  • recognize requirements in IAS 36 with respect to determining recoverable amount, identification of cash generating unit, timing of impairment testing and other considerations for impairment testing
  • apply the principles of IAS 36 to determine the recoverable amount of an asset or CGU
  • apply the principles of IAS 36 to calculate impairment loss under IFRS and U.S. GAAP
  • apply the principles of IAS 36 to allocate an impairment loss to assets within a CGU
  • apply the principles of IAS 36 to determine the amount of reversal of an impairment loss
  • identify the differences between IFRS and U.S. GAAP with respect to the impairment of long-lived assets and goodwill.

Note: This course references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.

Keywords: IFRS, IAS 36, Long-Lived Assets, Goodwill, Accounting

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.


Level of Knowledge: Intermediate
Field of Study: Accounting - 2
Delivery Method: Web Based Self Study
Through the use of a case study, this course explains how cash generating units are determined for testing for impairment under IAS 36. The course also explains how the recoverable amount of an asset or a cash-generating unit is calculated, how the impairment charge is allocated to the underlying assets in a cash generating unit, and how the reversal of impairment is accounted for. The course describes the presentation and disclosure requirements for impairment of assets. The course covers application guidance for concepts covered under IFRS – Impairment of Assets IAS 36, which is a recommended prerequisite for this course.

By the end of this course, participants should be able to:

  • recognize requirements in IAS 36 with respect to determining recoverable amount, identification of cash generating unit, timing of impairment testing and other considerations for impairment testing
  • apply the principles of IAS 36 to determine the recoverable amount of an asset or CGU
  • apply the principles of IAS 36 to calculate impairment loss under IFRS and U.S. GAAP
  • apply the principles of IAS 36 to allocate an impairment loss to assets within a CGU
  • apply the principles of IAS 36 to determine the amount of reversal of an impairment loss
  • identify the differences between IFRS and U.S. GAAP with respect to the impairment of long-lived assets and goodwill.

Note: This course references data and sources that were available at the time of development. Please visit the Financial Reporting View website for the most up-to-date guidance and insights.

Keywords: IFRS, IAS 36, Long-Lived Assets, Goodwill, Accounting

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.


Level of Knowledge: Intermediate
Field of Study: Accounting - 2
Delivery Method: Web Based Self Study
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