The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

IAS 36 Asset Impairment (equivalent to SFRS (I) 1-36 and FRS 36) is a financial reporting standard issued to deal with situations/conditions that suggest asset impairment, and report asset impairment in financial statement.

Our workshop aims to extend comprehensive solutions to accountants in reporting asset impairment for cash generating and non-cash generating asset.

Reporting asset impairment as required by IAS 36, can be performed with great confidence.

Learning Objectives

Upon completion of this course, participants are able to:

• Understand and Apply asset impairment assessment and reporting as required by IAS 36
• Compare and Appreciate reporting gaps in asset impairment as per IAS 36 vs. SFRS for small entities
• Review the application of asset impairment in case studies, extending practical solutions to accountants
• Present and disclose asset impairment in financial statement appropriately and confidently

Programme Outline

• Introduction to IAS 36
• Reporting Gap between IAS 36 versus SFRS for small entities
• The scope of Asset impairment
• Why the need for Asset Impairment?
• What types of assets should be considered for impairment?
• Asset Impairment Indicators and its illustrations
• Impairment consideration in uncertain economic environment
• Case studies: Impairment indicators arising from the Impact of Covid-19 disruptions on Asset Impairment
• Estimating Recoverable Value using Fair value
• Estimating Recoverable Value using Value in use
• Case studies: Measuring and Reporting asset impairment for a non-cash generating asset
• Case studies: Measuring and Reporting asset impairment for a cash generating asset
• Questions and Answers

 

Pre-requisites

Please take note of the following admission requirements:

• Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
• Mandatory for video camera to be turned on throughout the course
• Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

Training Methodology
Interactive presentations, together with class exercises, case studies simulations and discussions.


Closing Date for Registration
1 week before programme or until full enrolment.
 

Intended For

• Accountants • Financial reporting officers • Internal audit • Compliance • Academicians

Programme Facilitator(s)