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IAS 36
Impairment
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IAS 36
Impairment
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IAS 36 Impairment of Assets
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Elements IAS 36 - Module 1
IAS 36 Impairment of Assets
Learning objectives
Module 1 - The key requirements of IAS 36
Module 1 - Elements
Draw from Diagnostic LO1; Q1-2
Draw from Diagnostic LO1; Q3-4
Draw from Diagnostic LO1; Q5-7
Draw from Diagnostic LO1; Q8-9
Draw from Diagnostic LO3; Q14-15
Objective of IAS 36
Scope of IAS 36
Requirement for impairment review
Requirements for annual reviews
Value in use – Estimation of expected future cash flows
Value in use – Estimation of expected future cash flows (cont.)
Value in use – Determination of an appropriate discount rate
Meet Fonte Arienne
Meet Fonte Arienne
Some bad news
Some bad news
Impact of an impairment indicator
Determining recoverable amount
Competition concerns!
What's the value in use?
What's the value in use?
What's the value in use?
All in a day’s work
Recognizing and measuring an impairment loss
Recoverable amount
Fair value less costs of disposal
Fair value less costs of disposal (cont.)
Fair value less costs of disposal (cont.)
Fair value less costs of disposal (cont.)
Fair value less costs of disposal (cont.)
Fair value less costs of disposal (cont.)
Value in use
Instruction video
Before you begin
Instruction video
Module 2
Module 2. Cash-generating units
Module 2 - Elements
Draw from Diagnostic LO2; Q9-11
Draw from Diagnostic LO2; Q12-13
Draw from Diagnostic LO3; Q16-17
Cash-generating units
Impairment losses for CGUs
CGU carrying value
Corporate assets
Goodwill
Goodwill (cont.)
A brand new day
A brand new day
A brand new day
Does the sub-standard water affect everything?
How is the impairment loss allocated?
A phone call from Head Office
A phone call from Head Office
A phone call from Head Office
Lunch will have to wait
Lunch will have to wait
Filling in the gaps
Wrapping up the CGU’s impairment and impacts on the group
Allocation of impairment losses for CGUs
Module 3
Module 3 Reversal of impairment losses
Module 3 - Elements
Draw from Diagnostic LO4; Q18-19
Draw from Diagnostic LO4; Q20-21
When impairment should be reversed
Limitations in reversing impairment
How impairment should be reversed
Off to a flying start
Off to a flying start
Off to a flying start
Recognizing the need for reversal
Are there any limitations?
Are there any limitations?
All’s well that ends well
Course Developer Settings [NOT REQUIRED FOR TRANSLATION]
Course Developer Settings [NOT REQUIRED FOR TRANSLATION]
Final Assessment
Final assessment
Draw from Final Assesment
Disclaimer
Transcript
IAS 36 Impairment of Assets
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