Understanding and implementing
Target audience
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Responsables financiers, consolidation et comptables
0.5 day
Virtual Classroom
Online training - Impairment testing in practice
Prerequisites
Prerequisites: no prior knowledge required.
Materials: training materials and the link to the virtual classroom are provided the day before the course.
Objectives
◗ Integrate the key principles of IFRS and French standards to ensure the reliability of impairment tests
◗ Anticipating the main application difficulties
◗ Constitute the entry point for the "Implementing an asset impairment test" training course [FHIS36].
Training program
◗ The challenges of impairment testing
- Importance of impairment tests in group financial reporting
- Impact on financial statements and regulators' expectations
- External communication, auditors' responsiveness, sensitivity of assumptions
✔ COMPRENDRE | Illustration: history of write-downs in the CAC 40
✔ UNDERSTANDING | Illustration: AMF recommendations
◗ The definition of impairment under IFRS and French GAAP
- Definition of recoverable amount
- Distinction between value in use and fair value less costs to sell
- Comparative terminology: IFRS vs. French GAAP
✔ UNDERSTANDING | Illustration: classic impairment situations
◗ Impairment test methodology
- Identification of impairment indicators
- Frequency of tests, assets to be tested
- CGUs (Cash-Generating Units): definition, challenges and identification method
- Allocation of goodwill to CGUs
- Impairment recognition methods
✔ APPLY | Case study: determining a CGU
◗ Determining recoverable amount
- Calculating value in use: characteristics of the business plan used
- Determining the discount rate
- Sensitivity analysis
- Calculation of fair value less costs to sell
✔ UNDERSTANDING | Review of group publications and ESMA decisions
✔ APPLY | Case study: goodwill impairment
Teaching and assessment methods
Distance learning :
- Three visuals: video presenter, presentation, virtual flip chart
- Interactive quizzes
- 6 participants maximum
Before: self-assessment quiz
During the session: presentation of the main principles, practical implications and case studies, examples drawn from recent financial statements. Case studies and interactive
interactive quizzes to ensure knowledge acquisition.
Afterwards: the trainer is available at the end of the course to answer any questions relating to the training.
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Price
740 EXCLUDING VAT
Testimonials
Online training - Impairment testing in practice
Online training - Impairment testing in practice
Online training - Impairment testing in practice
Online training - Impairment testing in practice
Jonathan C.
Company
Training