IAS 36 - Presentation and disclosure requirements

Although IAS 36 ‘Impairment of Assets’ is not a new Standard, and many of its requirements are familiar, IAS 36’s guidance is detailed, prescriptive and complex in some areas. Given this, it is often challenging to apply in practice.

This article provides a summary of the IAS 36 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative examples for these areas of focus.

The articles in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in IAS 36, and revisit some areas where confusion has been seen in practice.