- Parent company financial statements under French GAAP - Accounting production: How to produce parent company financial statements under French GAAP
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- IFRS - International Financial Reporting Standards (IFRS)
Mastering a complex environment
Target audience
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Responsables financiers, consolidation et comptables
1 day
IAS 36 training
Prerequisites
No prior knowledge is required.
IAS 36 training objectives
◗ Implementing the impairment test mechanism under IFRS
◗ Make the link with the French standards test
◗ Calculate the impairment of a CGU (Cash Generating Unit), with or without goodwill
◗ Identify implementation difficulties
Training program
◗ The challenges of impairment testing and the definition of impairment under IAS36
- Strategic role of impairment tests in group financial reporting
- Notion of recoverable amount: value in use and fair value less costs to sell
- Terminology and differences between IFRS and French standards
✔ COMPRENDRE | Illustration: history of write-downs in the CAC40
✔ UNDERSTANDING | Illustration: AMF recommendations
◗ IAS36 methodology and the different levels of test application
- Identification of impairment indicators and frequency of tests
- Scope: individual assets, groups of assets
- CGUs (Cash-Generating Units): definition, identification, allocation of goodwill
- Specificities: equity-accounted investments, accounting rules
✔ UNDERSTANDING | Illustration: review of group publications and ESMA decisions
✔ APPLY | Case study: detecting impairment indicators
✔ APPLY | Case study: determining CGUs
◗ Determining recoverable amount
- Calculating value in use from the business plan
- Determining the discount rate and difficulties encountered
- Performing sensitivity analyses
- Fair value net of disposal costs: definition of costs, absence of an active market
✔ UNDERSTANDING | Illustration: review of group publications and ESMA decisions
✔ APPLY | Case study: estimating future cash flows
✔ APPLY | Case study: goodwill impairment
◗ Handling special cases
- Treatment of partial goodwill
- Assets held for sale and their relationship with IFRS5
- Revalued fixed assets, post-closing impairment losses
- Rights of use (IFRS16), impact of climate risk on IAS36
✔ UNDERSTANDING | Illustration: review of ESMA decisions and recommendations
recommendations
✔ UNDERSTANDING | Practical illustrations in figures
◗ Information to be provided
- Disclosures
- Future changes to the scope of IAS36 (IASB project)
✔ UNDERSTANDING | Annotated reading of published appendices
Why choose this course?
Impairment testing is a "false" IFRS specialty. The principle is simple, but the methods used are often misunderstood, particularly the role of fair value.
This course will enable you to apply the provisions of both IFRS and French accounting standards effectively and sustainably.
Teaching and assessment methods
Before: self-assessment quiz
During the session: detailed presentation, illustrated by numerous case studies based on the trainer's experience in the field. Interactive quizzes and critical examination of published reference documents help to validate the theoretical knowledge acquired during the course.
Afterwards: documentation.
The trainer is available to answer any questions relating to IAS 36 training.
Price
1,295€ EXCL. TAX
Testimonials
IAS 36 training
IAS 36 training
IAS 36 training
Jonathan C.
Company
Training