The Tricks and Traps of Impairment Testing

Uncover the tricks and traps of impairment testing—learn how to avoid common errors and strengthen your process in a shifting financial landscape

Finance teams face ongoing challenges with impairment testing. While recent accounting standard updates offer some relief, the process remains complex, especially amid shifting economic and policy landscapes.

In this session we examine some of the common errors we’ve seen in impairment testing and share some practical tips to strengthen your impairment testing processes.

Learning Outcomes:

This session aims to provide attendees with an understanding of some of the more common tricks and traps associated with impairment testing, including:

• The fundamental principles of impairment testing under AASB 136 Impairment of Assets
• Common errors we see in value-in-use calculations, including the treatment of:

• Lease payments for right-of-use assets
• Depreciation and capital expenditures

• The role of budgets in establishing reasonability and supportability, and
• Impairment testing in times of economic uncertainty.

Suited to:

Auditors, CEOs, CFOs, Board Members, Financial Controllers, Finance Teams, Accountants involved in the preparation of financial reports.

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation