In Focus: Impairment testing - An introduction

In Focus: Impairment testing - An introduction

For entities applying Australian Accounting Standards, testing assets for impairment is often one of the most complex and least understood annual tasks. The complexities involved in the process are highlighted by the annual presence of the issue on ASIC’s annual “Areas of Focus” media releases and is a frequent cause of restatement published by ASIC.

In a time-poor world, we often don’t stop to ask fundamental questions – why do we do what we do? Is there a better way? Is our current process in line with both best practice and our current operations?

This webinar will be the first in a three part series where we will demystify some of the more complex issues arising when AASB 136 Impairment of Assets is applied in a series of logical steps:

Webinar 2: Assets, corporate assets, and cash-generating units (March 2024)

Webinar 3: Goodwill and the impairment model (June 2024)