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The articles set out below in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in IAS 36, and revisit some areas where confusion has been seen in practice.
We hope you find the information in these articles helpful in giving you some insight into IAS 36.
'At a glance’ overview of IAS 36’s main requirements and major steps in applying them.
Taking a closer look at the scope of the impairment review and how it is structured.
When is a detailed impairment test, as set out in IAS 36, required?
Identifying CGUs is a critical step in the impairment review and can have a significant impact on its results
How do you determine which assets belong to which CGUs, or groups of CGUs?
After the entity identifies its CGUs, it must determine which assets belong to which CGUs, or groups of CGUs.
Definitions of recoverable amount and fair value less costs of disposal
Step 4 of the impairment review on estimating the recoverable amount
How do you estimate an appropriate discount rate in value in use (VIU) calculations
When there are exceptions to comparing recoverable amount with carrying amount
Requirements for recognising and measuring impairment losses for an asset
Assessing evidence of possible impairment and if there is any indication a previously recognised impairment loss for an asset
