corporateaccounting课件Chapter13ImpairmentofAssets幻灯片.pptVIP

LO7: Apply the disclosure requirements of AASB 136 (p. 663). * * Disclosures Key disclosures include: The amount of impairment losses (and reversals of losses ) recognised in PL during the period* The amount of impairment losses on revalued assets (and reversals of losses ) recognised in OCI during the period * AASB 116 PPE – requires a note that reconciles the opening and closing balance for each class of asset Refer to Figures 13.14 to 13.16 for examples of disclosures * In relation to these, the entity must identify the line item in the Statement of PL / OCI in which they are included * * LO1: Explain the purpose of the impairment test for assets (p. 634) * LO2: Assess when to undertake an impairment test (p. 635) * * LO3: Explain how to undertake an impairment test for an individual asset (p. 637) * * In an active market, fair value is the market price: easier to calculate than value in use. * Finance costs and income tax are not considered to be costs of disposal * * * * * * * * LO4: Identify a cash-generating unit, and account for an impairment loss for a cash-generating unit — not including goodwill (p. 645) In this section we consider cash generating units that do not include Goodwill. Only CGUs that arise from a business combination will have goodwill associated with them. A CGU developed internally within an entity will not include Goodwill. * * * * * * LO5: Account for the impairment of goodwill (p. 652) * * * * LO6: Account for reversals of impairment losses (p. 659) * * * * Chapter 13 Impairment of assets Prepared by Mark Vallely Learning objectives Explain the purpose of the impairment test for assets (p. 634) Assess when to undertake an impairment test (p. 635) Explain how to undertake an impairment test for an individual asset (p. 637) Identify a cash-generating unit, and account for an impairment loss for a cash-generating unit — not including goodwill (p. 645) Account for the impairment of goodwill (p. 652) Account for reversals of