Impairment of Assets under IFRS
This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on email@example.com or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.
If the carrying amount of an asset exceeds its recoverable amount, such asset is considered to be impaired. In this session we will be going through a number of IFRSs such as IAS 2 Inventories, IAS 36 Impairment of Assets, IFRS 9 Financial Instruments, IAS 12 Income Taxes, IFRS 15 Revenue from Contracts with Customers, IAS 19 Employee Benefits and IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, focusing specifically on the measurement requirements which ensure that the carrying amount of the relevant assets is not over-stated.
We will be going through the key definitions, initial and subsequent measurement requirements, as well as the various disclosure obligations set out in IFRSs mentioned above. During this two hour session, we will also be going through a number of practical examples encountered by local companies when accounting for impairment of their assets.
The session is aimed for accounting professionals and financial controllers.
By the end of the session participants would be knowledgeable of the key impairment measurement and disclosure requirements under the relevant IFRS.
Basic knowledge on financial reporting and consolidations is recommended.
Venue: Kindly contact us on firstname.lastname@example.org to indicate your preferred training method; online or in-person.
CPE Hours: This course qualifies for 2 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.
Emerson Zammit, Manager, Corporate Accounting Advisory Services, KPMG in Malta
Emerson Zammit joined KPMG during 2018 after completing the Master in Accountancy Degree at the University of Malta. Emerson holds the role of a Manager within the firm’s Corporate Accounting Advisory Services team and has assisted a wide range of clients across different industries with complex financial reporting matters and other tailor-made solutions in compliance with IFRS. Emerson delivers technical training to both local and international clients on specific accounting matters.
Sahana Chandrasekhar, Manager, Corporate Accounting Advisory Services, KPMG in Malta
Sahana is the ESG and sustainability reporting Champion in the Accounting Advisory Services team. This role involves keeping up to date with all sustainability reporting initiatives within the EU and understanding their implications and statutory impacts on local entities. She provides advice on financial and non-financial reporting matters to clients. This includes assisting the management of entities with their preparation of annual reports and guiding them through the new uncharted reporting environment, which many enterprises within the EU currently find themselves.
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- Guided Learning 2 Hours
- Language English