Although an established standard, impairment remains an area which can result in errors in financial reporting and is a focus of regulators.
This seminar takes a detailed look at the performance of impairment testing, including identifying cash-generating units, common pitfalls in estimating future cash flows and a close examination of the importance of the assumptions used in impairment models.
This masterclass aims to provide participants with a deeper understanding of the application of the asset impairment model in IFRS. This is critical for identifying when it is required to test for impairment, how to perform the test and what additional considerations might apply to the test results.
Presented in an interactive environment with an expert speaker, preparer and auditor participants will have the opportunity to increase their knowledge of the impairment model, discuss common practical challenges in applying the model and increase their awareness of the views of regulators.
Who should attend
Participants will receive a certificate for successful participation indicating all topics covered
If you need help completing the online registration form, please give us a call at 2227 4470 or email us at firstname.lastname@example.org
Trainer: Derek Carmichael
Derek is a Chartered Accountant and IFRS specialist with over 20 years of experience in accounting and financial reporting globally. After originally training with Deloitte in Scotland, Derek spent two years in New York with PwC leading the audits of financial statements and internal control of SEC-listed utilities companies. Derek transferred to PwC London in 2006 to lead the audits of several oil & gas and utilities companies, also becoming involved with the development and delivery of IFRS training material.
In 2009, Derek joined PwC’s centre responsible for advising large companies and the global network of accounting consultants in complex IFRS accounting issues. He authored many thought-leadership publications including industry-specific accounting manuals and guides. He also provided training to the global PwC network and presented a number of short videos and a live webcast with IASB staff on the new IFRS 16 Leases and IFRS 9 Financial Instruments standards. Now living in Cyprus, Derek provides training solutions across a range of IFRS topics. He is a member of the Institute of Chartered Accountants of Scotland and holds a Batchelor degree from the Strathclyde University Business School.