IFRS: Impairment of Non-Financial Assets (IAS 36)
AICPA's IFRS Certificate Program
This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.
The purpose of this course is to familiarize you with the guidance in IAS 36, Impairment of Assets, on testing an asset for impairment, recognizing and measuring the amount of an impairment loss, if any, as well as determining when it's appropriate for an entity to reverse an impairment loss.
Upon completion of this course, you will be able to:
- Identify when an entity should test an asset for impairment
- Understand how to test an asset for impairment, including goodwill and shared corporate assets
- Understand how to measure the amount of an impairment loss, if any, and when to record impairment losses
- Identify possible reversals of previously recognized impairment losses and understand how to measure and record such reversals
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