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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.
August 2021
Scope and structure
IAS 36
Taking a closer look at the scope of the impairment review and how it is structured.
August 2021
Undertaking an impairment review
IAS 36
When is a detailed impairment test, as set out in IAS 36, required?
September 2021
Identifying cash-generating units
IAS36
In this article we discuss how to identify cash-generating units (CGUs).
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.
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.
December 2021
Estimating recoverable amount
IAS 36
This article covers the definitions of recoverable amount and fair value less costs of disposal (FVLCOD) and provides an overview of value in use (VIU).
December 2021
Value in use – estimating future cash inflows
IAS 36
This article discusses estimating future cash inflows and outflows in value in use (VIU) calculations.
December 2021
Value in use applying the appropriate discount rate
IAS 36
This article discusses how to estimate an appropriate discount rate in value in use (VIU) calculations.