Accounting Standards
IAS 36 - Testing Cash Generating Units for Impairment
Testing Cash-Generating Units for Impairment and Allocating Goodwill
1 CPD credit on completion
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About This Course
Course Information
The learning outcomes from this accounting standards CPD course include: Ensuring that an entity’s assets are not carried at more than their recoverable amount Conducting impairment tests where there is an indication of impairment of an asset Testing for a ‘cash-generating unit’
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 1 unit of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- Testing Cash Generating Units for Impairment (video)
- Testing Cash Generating Units for Impairment (quiz)
What You Will Learn
- Define a cash-generating unit and explain when individual asset impairment testing is replaced by CGU-level testing
- Calculate the recoverable amount of a CGU as the higher of fair value less costs of disposal and value in use
- Explain how goodwill is allocated to cash-generating units for the purpose of impairment testing
- Apply the order in which an impairment loss is allocated within a CGU: first to goodwill, then pro-rata to other assets
- Identify indicators of impairment that trigger an impairment test under IAS 36
Who This Course Is For
- Accountants responsible for annual goodwill impairment testing under IFRS
- Auditors assessing the reasonableness of impairment calculations and CGU identification
- Finance professionals studying IAS 36 for professional examinations
Prerequisites
- Understanding of goodwill arising on business combinations
- Familiarity with the concepts of fair value, value in use, and carrying amount
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Course Details
CPD Credits1
CertificateYes
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