Free ACCA FR Impairment, Investment Property and Held-for-Sa...

Overview

This module covers asset impairment, investment property accounting, and held-for-sale classification, including recoverable amount concepts, fair value model, and discontinued operations. Topics include CGUs goodwill allocation, cost vs fair value models, and classification criteria.

1. Impairment of assets (IAS 36)

• Indicators and recoverable amount (VIU vs FVLCD)
• Cash-generating units and goodwill allocation
• Recognising and reversing impairment losses

2. Investment property (IAS 40)

• Classification vs owner-occupied
• Cost vs fair value model and transfers
• Measurement and disclosure

3. Non-current assets held for sale (IFRS 5)

• Classification criteria and measurement
• Presentation and disclosure
• Discontinued operations