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