IAS 36 — Impairment of Assets
Modules of the standard
- Concepts42 publishedNormative and pedagogical mapping.
- Questions428 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers7 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)18 publishedLesson explanations, chapter by chapter.
Practical cases
- Injection press: indications, recoverable amount and revised depreciationL1Beginner
- Value in use of a packaging line: projections, exclusions and rateL2Intermediate
- Cash-generating unit with goodwill and head office: allocation of the lossL3Advanced
- Revalued asset: IAS 16 revaluation, then IAS 36 impairment loss and capped reversalL3Advanced
- Subsidiary with non-controlling interests: notional goodwill, loss and disclosuresL4Expert
- Professional file: annual impairment review of an industrial groupL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective and scope
- Objective of the standardImportant8 questions
- Scope and exclusionsCore13 questions
Definitions
- Key definitionsCore12 questions
Identifying an asset that may be impaired
- Assessment at each reporting dateCore12 questions
- Mandatory annual testsCore12 questions
- Indicators of impairmentCore12 questions
- Materiality and sensitivity of the indicatorsImportant8 questions
Measuring recoverable amount
- Recoverable amount: higher of two measuresCore12 questions
- Individual asset or cash-generating unitCore12 questions
- Fair value less costs of disposalCore12 questions
Value in use: cash flows and discount rate
- Elements and steps of value in useCore13 questions
- Basis for cash flow projectionsCore12 questions
- Composition of estimates of future cash flowsCore13 questions
- Asset in its current conditionCore12 questions
- Financing, tax and inflation consistencyCore12 questions
- Foreign currency future cash flowsAdvanced6 questions
- Discount rateCore16 questions
- Present value techniques (Appendix A)Advanced6 questions
Impairment loss for an individual asset
- Recognition of an impairment lossCore12 questions
- Impairment of a revalued assetImportant8 questions
- Depreciation and deferred tax after impairmentImportant8 questions
Cash-generating units: identification and carrying amount
- Identifying the cash-generating unitCore13 questions
- Output with an active market and internal transfer pricesAdvanced6 questions
- Consistent identification of unitsImportant8 questions
- Carrying amount of a cash-generating unitCore14 questions
Goodwill: allocation and testing
- Allocating goodwill to cash-generating unitsCore12 questions
- Completing the initial allocationImportant8 questions
- Disposal of an operation and reorganisationImportant8 questions
- Testing units with goodwillCore12 questions
- Order of testingAdvanced6 questions
- Goodwill and non-controlling interests (Appendix C)Advanced9 questions
Corporate assets
- Corporate assetsAdvanced7 questions
Impairment loss for a cash-generating unit
- Allocating an impairment loss within a unitCore12 questions
- Asset whose recoverable amount cannot be determinedAdvanced6 questions
Reversing an impairment loss
- Indicators of reversalImportant8 questions
- Conditions for a reversalCore12 questions
- Reversal for an individual assetCore14 questions
- Reversal for a cash-generating unitAdvanced6 questions
- No reversal of goodwill impairmentCore12 questions
Disclosure
- Disclosures by class of assets and by segmentImportant8 questions
- Disclosures for each impairment loss or reversalImportant8 questions
- Estimates for units with goodwill or indefinite-life intangiblesImportant8 questions