Page 51 - Microsoft Word - 00 IWB ACCA F7.docx

Chapter 4

Impairment of assets

Outcome

By the end of this session you should be able to:

 define, calculate and account for an impairment loss

 identify the circumstances that may indicate impairments to assets

 account for the reversal of an impairment loss on an individual asset

 describe what is meant by a cash generating unit

 state the basis on which impairment losses should be allocated, and allocate an
impairment loss to the assets of a cash generating unit

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 4 of your Study Text

45