Purchase Course

IFRS – Impairment of Assets – IAS 36   

1

Total CPE
Tuition
$125.00
Approximate Length
01:00:00
Course Number
19-WB-454
1

Total CPE
Tuition
$125.00
Approximate Length
01:00:00
Course Number
19-WB-454

Course Details

This course is intended to provide the key principles of asset impairment under IFRS through interactive examples and comparisons to US GAAP.

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

  • recall the methodology for impairment testing of property, plant and equipment and intangible assets, including goodwill, under IFRS
  • recall how the asset’s recoverable amount is determined
  • compute recoverable amount and impairment loss, including reversals
  • identify appropriate accounting for reversals of impairment
  • identify the differences between IFRS and US GAAP with respect to the impairment of long-lived assets, indefinite lived intangibles and goodwill.

This course is part of the IFRS Curriculum series.

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: Impairment of Assets, IAS 36, Recoverable Amount, 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: Basic
Field of Study: Accounting - 1
Delivery Method: Web Based Self Study

This course is intended to provide the key principles of asset impairment under IFRS through interactive examples and comparisons to US GAAP.

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

  • recall the methodology for impairment testing of property, plant and equipment and intangible assets, including goodwill, under IFRS
  • recall how the asset’s recoverable amount is determined
  • compute recoverable amount and impairment loss, including reversals
  • identify appropriate accounting for reversals of impairment
  • identify the differences between IFRS and US GAAP with respect to the impairment of long-lived assets, indefinite lived intangibles and goodwill.

This course is part of the IFRS Curriculum series.

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: Impairment of Assets, IAS 36, Recoverable Amount, 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: Basic
Field of Study: Accounting - 1
Delivery Method: Web Based Self Study
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