About the webinar
Identifying the impairment of assets is of vital importance in financial reporting. It needs to be considered at each reporting period and measured correctly. Understanding how you measure and test for impairment is not always as easy as it seems. This presentation will discuss common impairment issues and what you can do about them. It covers:
- Measuring impairment – carrying amount and recoverable amount
- When is testing necessary and are there exceptions? Goodwill, inventory and investments at fair value
- Impaired assets – impairment loss and revalued assets
- Disclosure – what are the key disclosure requirements relating to impairment testing and losses?
- Case study: major impairment issues in practice
Who should attend
This webinar is suitable for accountants throughout Australia. This is an update webinar on recent developments in this area.
Siva Sivanantham, Senior Manager – National Audit Support, Grant Thornton, Melbourne
Siva is a Senior Manager in the National Audit Support team at Grant Thornton Australia, with a specialist knowledge on the application of International Financial Reporting Standards (IFRSs) and Australian Accounting Standards. He has over 10 years of experience dealing with technical accounting & audit matters.
In his current role, Siva is responsible for providing practical technical accounting advice on the application of IFRSs and Australian Accounting Standards, reviewing listed company financial statements for compliance with financial reporting requirements, producing technical publications, preparing and delivering internal and external technical training and participating in external technical discussion forums.
Prior to joining Grant Thornton in 2012, Siva worked at the Australian Accounting Standards Board (AASB), Ernst & Young and Moore Stephens both in technical accounting and finance services audit roles.