Overview of IAS 36 Impairment of Assets & Impact of Market Disruption
Asset accounts that are likely to become impaired are the company’s accounts receivable, goodwill, and fixed assets. An impairment loss is recognised immediately in profit or loss (or in comprehensive income if it is a revaluation decrease under IAS 16 or IAS 38). The carrying amount of the asset (or cash-generating unit) is reduced. In […]