May 2018
Intermediate to advanced
1016 pages
38h 56m
English
This chapter deals both with IAS 36, Impairment of Assets, and IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations. IAS 36 identifies when the carrying amount of a certain asset needs to be reduced to its recoverable amount. IFRS 5 determines the treatment of non-current assets held for sale and discontinued operations. An impairment exists when the recoverable amount (the higher of fair value less cost to sell and value in use) is less than the carrying amount. This assessment is ...