IAS 36 Impairment

May 9, 2026

Upload by Rowan

This document discusses IAS 36, focusing on the concept of impairment of assets. It details the process of identifying an impairment loss by comparing an asset's carrying amount with its recoverable amount. The recoverable amount is defined as the higher of the asset's fair value less costs to sell and its value in use. The document illustrates calculations for value in use, which involves discounting future cash flows at an appropriate discount rate. It also touches upon the accounting treatment after an impairment loss is recognized, including the subsequent measurement of the impaired asset and the recognition of reversals of impairment losses. The content appears to be notes or explanations related to accounting standards for asset impairment, likely from a training or study context. It includes sample calculations and definitions relevant to the application of IAS 36.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages13

Reading Time33 min

May 9, 2026

Upload by Rowan