IFRS

Impairment of assets

Andrew Archer Andrew Archer

Impairment of assets - A guide to applying IAS 36 in practice

The Guide has been written to assist management in understanding the requirements of IAS 36 while highlighting some common areas of confusion seen in practice.  More specifically, it:

  • summarises the overall objective and basic requirements of IAS 36
  • provides a step-by-step guide to performing an impairment assessment (including testing for impairment and recording or reversing an impairment, when required in accordance with IAS 36)
  • highlights interpretative and practical application issues that arise when performing these steps 
  • offers insights on best practices to address these issues
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