IFRS IN PRACTICE 2020-2021 IAS 36 Impairment of Assets Including guidance on the impact of COVID-19
IAS 36 Impairment of Assets sets out requirements for impairment which cover a range of assets (and groups of assets, termed ‘cash generating units’ or CGUs). A number of assets are excluded from its scope (e.g. financial instruments and inventories) and IAS 36 is therefore predominately applicable to property, plant and equipment, intangible assets and…