IAS 36 ‘Impairment of Assets’ is not a new Standard, and while many of its requirements are familiar, an impairment review of assets (either tangible or intangible) is frequently challenging to apply in practice. This is because IAS 36’s guidance is detailed, prescriptive and complex in some areas.

The articles set out below in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in IAS 36, and revisit some areas where confusion has been seen in practice.

We hope you find the information in these articles helpful in giving you some insight into IAS 36. If you would like to discuss any of the points raised, please speak to our experts Christoph Zimmel and Rita Gugl.

Insights into IAS 36

August 2021

Overview of the Standard

IAS 36

'At a glance’ overview of IAS 36’s main requirements and major steps in applying them.

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August 2021

Scope and structure

IAS 36

Taking a closer look at the scope of the impairment review and how it is structured.

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August 2021

Undertaking an impairment review

IAS 36

When is a detailed impairment test, as set out in IAS 36, required?

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September 2021

Identifying cash-generating units

IAS36

In this article we discuss how to identify cash-generating units (CGUs).

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September 2021

Allocating assets to cash-generating units

IAS 36

Identifying CGUs is a critical step in the impairment review and can have a significant impact on its results.

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September 2021

Allocating goodwill to cash-generating units

IAS 36

After the entity identifies its CGUs, it must determine which assets belong to which CGUs, or groups of CGUs.

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