M26056 – Asset Impairment: Principles, Judgement And Practical Application Under IFRS And GAPSME (Online)

Registration Time: 09:00
Session Time: 09:15 – 12:30 including a 15-minute break
Speaker: Mr Paul Zammit
Venue: Online Webinar

Participation Fees

MIA Members: €40.00 | Non-MIA Members: €75.00 | Retired Members: €20.00 | Students: €30.00
Group bookings for 3 or more participants available.

Background Information

IAS 36 ‘Impairment of Assets’ establishes the principles entities must follow to ensure assets are not carried at amounts higher than their recoverable amount. Similar principles are included in GAPSME. This session provides a structured, practical understanding of the impairment framework under IAS 36 and the equivalent GAPSME requirements.

Topics Covered

– Overview and objectives of IAS 36
– Indicators of impairment and when an impairment test is required
– Determining the recoverable amount of an asset
– Value in use and fair value less costs of disposal
– Identification and testing of cash-generating units
– Allocation of impairment losses within a CGU
– Reversal of impairment losses and limitations
– Special considerations for goodwill and intangible assets
– Common practical issues

Target Audience: Practicing accountants, auditors, finance professionals and accounting students.

Speaker: Paul Zammit, CPA specialising in IFRS and GAPSME, MIA Financial Reporting Committee member.

CPE Competencies: 3 Core

Register: https://members.miamalta.org/event-6616657/Registration
Event page: https://members.miamalta.org/event-6616657