Key details

Cost: $120 /module /user (inc. GST)

Duration: 1 Hour

CPD Points: CPA and CA ANZ eligible

About the course

The objective of a financial statement is to provide financial information about the reporting entity that is useful for existing and potential investors, lenders  and other creditors in making decisions relating to the entity. The impairment test defines the recoverable amount of the asset tested and adjusts the carrying amount accordingly, ensuring the carrying amount of the assets presented in the entity’s balance sheet is not higher than the recoverable amount. 

AASB 136 provides the framework for the impairment requirements of intangibles, property, plant and equipment and subsidiaries, investment in associates and joint ventures. This course explains the whole process of impairment recognition of these assets including the aim of the impairment test, concept of triggering events, indicators of impairment, concept of recoverable amounts, six steps for allocation of impairment for a cash generating unit, and impairment reversal.

 

 

How to enrol

Our training is different because

Flexible access from any location convenient to you.

Leverage the power of the PwC global knowledge base.

High quality, interactive training material.

Certificates are issued promptly upon the completion of the course.

Access to course content for up to 6 months from enrolment.

Secure your place now

Book now

Course overview

Learning outcomes

After successful completion of this course you will:

  • identify the scope of t standard and situations to apply
  • identify when to perform an impairment test
  • make a distinction between a the review of a triggering event and an impairment test
  • identify indicators of impairment
  • define recoverable amount 
  • identify a cash-generating unit
  • understand the steps for allocation of impairment for a cash generating unit

Qualifications

You will receive a Certificate of Completion upon successful completion of the course. This course is eligible to claim professional development points from CPA and CA ANZ.

Prerequisites

There are no prerequisites for this course.

Who should complete?

Our AASB eLearns are industry agnostic and are applicable to most organisations. We can help upskill yourself, your finance team, or your entire organisation. 

Pricing

Price per module per user (AUD) – $120 (inc. GST)

How to pay

We offer a variety of payment methods:

  • Direct debit
  • Credit card
  • Cheque

How to enrol

Register for the course via the Book Now button on this page. You will be taken to our online platform to register your details. We will send you an invoice and upon receipt of payment, you will be granted access to your course. 

 

Delivery

Our eLearns are able to be delivered in clusters that are aligned to individual industry or skills needs. We can tailor a cluster to meet your specific upskilling needs. 

“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Thoroughly enjoyable learning experience, facilitated to an excellent standard – Well adapted to the diversity of skill within the group.”

Fantastic course professionally run by a ‘real’ auditor working in the field which allowed for a fantastic bridge between theory and practical examples.

“Very informative and enjoyable course. Excellent materials and tools in the course and to take home. Excellent value for money. The trainer did a great job of keeping us engaged and learning. I will do future training through PwC.”

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