IAS 36 Determine if and when to test for impairment – When looking at the step-by-step IAS 36 impairment approach it comes down to the following broadly organised steps:
- What?? – Determining the scope and structure of the impairment review (see the step-by-step IAS 36 impairment approach),
- If and when? – Determining if and when a quantitative impairment test is necessary (discussed on this page),
- How? – Understanding the mechanics of the impairment test and how to recognise or reverse any impairment loss, if necessary (see IAS 36 Impairment test – How?).
Step 3: IAS 36 Determine if and when to test for impairment
IAS 36 requires an entity to a perform a quantified … Read more