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IAS 36 Impairment - Coggle Diagram
IAS 36 Impairment
Definitions
Carrying Amount
Recoverable amount (FLVCS/VIU)
Cash generating unit
Corporate assets
Objective
prescribe procedures that ensure that assets are not carried an amount higher than RA
CA exceeds amount to be recovered through use or sale = impairment loss
reversal of impairment
Scope
All ASSETS
Excl
IAS 2
IFRS 15
IAS 12
IAs 19
IAS 40 @ fv
IFRS 5
Identification
Para 9 - Assess for impairment
Indicators para . 12
External (out of control of entity)
Internal (control of entity)
Annually>> intangible assets indefinite useful life
Measurement
Recoverable amount
par. 23 - Calculated for individual asset that generates cash flows independantly