The Free Webinar which took place on the 27th of February 2021 (Saturday) was aimed at providing great insights into the impairment of non-current assets to Finance Professionals.
The program is eligible for 2 qualifying CPD hours from ACCA.
Impairment is where the recoverable amount of non-current assets is lower than the carrying value. This would mean that asset values in the balance sheet are overstated and no longer recoverable. IAS 36 Impairment of Non-current Assets provides detailed guidance on conducing an impairment review of non-current assets.
Lockdowns and negative economic consequences arising from COVID-19 are indications of impairment for most organizations, which trigger the need for an impairment review.
Key Focus Areas of the webinar