About this E-Learning Course

This course provides an overview of the impairment requirements for assets. It is particularly relevant for entities that hold property, plant & equipment, intangible assets and investment property held under the cost model that need to test the assets for impairment in accordance with Australian Accounting Standards. The course is broken down into the following topics:

  • Overview of the scope and key definitions included within the standard

  • How to identify an impaired asset

  • How to identify a cash generating unit, including how to allocate goodwill and other assets to the cash generating unit

  • How to test an asset for impairment

  • How to recognise and reverse an impairment loss, and

  • Disclosure requirements for impaired assets.

Course curriculum

  • 1

    Impairment of Assets

    • Welcome!

    • Scope & definitions

    • Identifying an impaired asset

    • Cash Generating Units & goodwill

    • The impairment test

    • Recognising & reversing impairment losses

    • Disclosure

How this course can help your business

Since the global financial crisis, ASIC and other regulators around the world have focussed on ensuring that the carrying value of assets is not stated at amounts above their recoverable amounts. This course will help you to understand the complex requirements in IAS 36 for impairment testing so that you correctly identify assets that are impaired, and properly perform the impairment test.

Meet your course instructor

IFRS Instructor

Aletta Boshoff

Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).