Ind AS 36 is a critical Standard that seeks to ensure that assets are not carried at amounts exceeding their recoverable value. The Standard assumes particular importance in an evolving economic environment, as it requires entities to exercise significant judgement in identifying impairment indicators, determining cash-generating units and estimating recoverable amounts based on reliable assumptions and projections.

This Educational Material on Ind AS 36 elucidates the fundamental principles for recognition of impairment loss, reversals and disclosures. It addresses all relevant aspects envisaged in the Standard by way of brief summary of the Standard and frequently asked questions (FAQs) on practical issues that the preparers of the financial statements face while applying this Ind AS.

Relevant link to download the Educational Material: https://resource.cdn.icai.org/91116asb-aps4303-indas-36.pdf