IAS 36: Impairment of Assets_en
Al-Azhar University-Gaza
IAS 36: Impairment of Assets
Recognition & measurement
Prepared by:
Alaa Mohammed Abu Hussein
Supervisor:
Dr. Emad Abu Shaaban
Scope
IAS 36 applies to all assets except:
- inventories
- assets arising from construction contracts
- deferred tax assets
- assets arising from employee benefits
- financial assets
- investment property carried at fair value
- certain agricultural assets carried at fair value
- insurance contract assets
- assets held for sale
Therefore, IAS 36 applies to (among other assets):
- land
- buildings
- machinery and equipment
- investment property carried at cost
- intangible assets
- goodwill
- investments in subsidiaries, associates, and joint ventures
- assets carried at revalued amounts under IAS 16 and IAS 38