IFRS - Accounting for Impairments

Objectives

To help all attendees identify when an impairment test is needed and how it needs to be performed if done properly.

To look at the subjective and judgemental areas and help all those attending deal with these issues effectively.

To remind those attending of the typical questions raised by regulators and what they would be looking for in the final report and accounts.

Key Topics

• Scope of guidance in IFRS and asset types affected; tangible, intangible and investments
• How to calculate the recoverable amount, through sale or continued use
• Reporting the impairment loss; journals required and how to account for a reversal
• Summary of most challenging aspects and issues raised by regulators
• Key disclosures in notes to the accounts – what is really needed

Who Should Attend

This course would be suitable for all accountants and auditors involved in the preparation of accounts in accordance with IFRS.