IFRS Alert: Impairment of non-financial assets - common mistakes
14 December, 2023
In brief, this applies to all entities with significant non-financial assets that are required to be tested for impairment under IAS 36. Set out below is a refresher on some basic concepts on impairment of non-financial assets, and reminders on those aspects of the value in use (VIU) methodology where common mistakes are made.
