IFRS®: IAS 38, Intangible Assets and IAS 36, Impairments

Learn key concepts of IAS 38 and IAS 36

Gain foundational knowledge of IAS 38, Intangible Assets, and IAS 36, Impairments, and prepare yourself to assist clients subject to international accounting standards. You will learn essential information that will allow you to work with multinational organizations using international accounting standards.

This necessary information includes

• the scope of IAS 36 and IAS 38 and relevant exclusions;
• recognizing, measuring, and reversing impairment losses;
• defining, recognizing, and measuring intangible assets; and
• capitalization requirements.

Compete in the modern business environment

Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.

Whatever your location, you could easily find yourself with a client subject to IFRS requirements.

Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.

Realistic scenarios to enhance your comprehension

The interactive learning elements and real-life examples will help you implement the key concepts you learn in this course.

The real-world case studies in this course will allow you to practice what you learn and apply your knowledge.

This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

Who Will Benefit

• Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS Standards.
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.

Key Topics

• The scope of IAS 36 and IAS 38 and relevant exclusions
• Testing for impairment
• Recognizing, measuring, and reversing impairment losses
• Defining, recognizing, and measuring intangible assets
• Capitalization requirements
• Subsequent measurements and other issues
• Relevant disclosures

Learning Outcomes

• Identify an intangible asset.
• Identify which intangible assets may be recognized on the statement of financial position.
• Distinguish between research and development costs and apply the six criteria for the capitalization of development costs.
• Determine the appropriate measurement of an intangible that you have recognized.
• Recall the rules for subsequent measurement of an intangible asset.
• Recognize the disclosures required by IAS 38.
• Identify when an entity should test for impairment.
• Recall how to test an asset or cash-generating unit for impairment.
• Recall how to measure and recognize impairment losses.
• Identify possible reversals of previously recognized impairment losses and how to measure and recognize such reversals.