Assets such as property, plant and equipment, investments in subsidiaries, investments in associates, investments in joint ventures, investment property measured under the cost model and goodwill need to apply IAS 36 in order to account for any impairment of such assets.
The core principle in IAS 36 is that an asset within scope must not be carried in the financial statements at more than the highest amount to be recovered through its use or sale. If the carrying amount exceeds the recoverable amount, the asset is described as impaired.
This three-hour seminar will cover the main provisions included in IAS 36 that an accountant should be aware of. Provisions will be illustrated by numerous practical examples.
Paul Zammit graduated from the University of Malta after completing the Bachelor of Accountancy (Honours) Degree in 2008. Paul commenced his career in audit and switched to accountancy in 2012. He spent most of his time in accountancy managing a portfolio of international clientele, before joining Zampa Debattista’s accounts department in 2017.
After a few months, Paul decided to accept the internal opportunity to specialise in technical matters and increase his proficiency in reporting standards. Paul is currently involved in technical accounting and advisory assignments, whilst training and assisting internal staff and external people on IFRS technical matters. Paul currently lectures ACCA and ACA students.
Start date: 28/01/2020
Start time: 14:00
End time: 17:15
Venue: Landmark Business Centre - Hal Qormi
Phone: +356 27555560 / +356 77555560