IFRS in Practice on impairment of assets by BDO

BDO issues updated IFRS in Practice on impairment of assets – includes guidance on the impact of COVID-19

BDO has released its most up to date guidance on IAS 36 Impairment of Assets. The recent effects of COVID-19 have highlighted the amount of complexity that may arise as entities apply IAS 36 to test for impairment on their property, plant and equipment, leased assets, goodwill and intangibles. IFRS in Practice provides an in-depth explanation of IAS 36, with numerous worked examples. This update also includes guidance on how IAS 36 should be applied to leased assets that have arisen due to the adoption of IFRS 16.

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