IFRS for SMEs – Intangible Assets and Impairment of Assets – 10 March 2025

The accounting treatment of intangible assets and the impairment of assets in terms of the IFRS for SMEs.

Date:

10 March, 2025

Time:

14:30

Hours:

3 hours

CPD Units:

Category:

Accounting

Group:

Channel 2: Growth

Format:

Live Event

IFRS for SMEs – Intangible Assets and Impairment of Assets - 10 March 2025

IFRS for SMEs – Intangible Assets and Impairment of Assets - 10 March 2025 - Image 2

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Product Information

The webinar will begin with a quick overview of who should/can apply the IFRS for SMEs.

Next, we will briefly refer to the core concept of an ‘asset’ and what it actually implies when we recognise an asset.

During the webinar, we will deal with the detailed accounting treatment (definition, recognition, measurement, presentation and disclosure) of Intangible Assets acquired separately (not as part of a business combination), and the accounting treatment of amortisation.

The webinar will conclude with an in-depth explanation of the accounting treatment of impairment losses on individual assets (e.g. PPE) and cash-generating units.

What will set you apart

By attending this webinar you will gain the following competencies

A quick overview of who should/can apply the IFRS for SMEs (2015) (the International Financial Reporting Standard for Small and Medium-Sized Entities) (effective 1 January 2017)
Understand the concept of an ‘asset’ in the context of an impairment
The detailed accounting treatment of intangible assets (other than Goodwill) in terms of the IFRS for SMEs (2015)
Accounting for an impairment loss in terms of the IFRS for SMEs (2015)

Event breakdown

IFRS for SMEs: The who’s who
Conceptual discussion of the definition and recognition of an asset (IFRS for SMEs: Section 2)
Intangible Assets other than Goodwill (IFRS for SMEs: Section 18):

Initial recognition of intangible assets acquired separately
Internally generated intangible assets
Measurement
Amortisation (useful life, pattern of use, residual value)
Disclosures

Impairment of Assets (IFRS for SMEs: Section 18):

Inventories
Other assets (excluding financial instruments)
Indicators of impairment
Recoverable amount (fair value less costs to sell and value in use)
Recognition of an impairment loss
Reversal of an impairment loss
Disclosures

Certificate

The following event is awarded 3 CPD units in Accounting.