ACCA FR Classroom - Syllabus B3. Impairment Of Assets ^{3 / 15}

a) Define, calculate and account for an impairment loss, including the principle of impairment tests in relation to goodwill.

b) account for the reversal of an impairment loss on an individual asset.

c) Identify the circumstances that may indicate impairments to assets.

d) Describe what is meant by a cash generating unit.

e) State the basis on which impairment losses should be allocated, and allocate an impairment loss to the assets of a cash generating unit.