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CPE Self-Study

IFRS: Impairment of Non-Financial Assets (IAS 36)

Publisher: AICPA
  • $50.00-$70.00
    IFRS:  Impairment of Non-Financial Assets (IAS 36) Online Access Product #: 159733
    AICPA Member: $50.00
    Non-Member: $70.00

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.

Learning Objectives

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

Prerequisite: None

Advance Preparation: None

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.