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