IFRS for SMEs / Section 27: Impairment of Assets

Section 27: Impairment of Assets

Section 27 requires inventories and other non-financial assets to be tested for impairment when there is an indication of it.

Disclosures to look for

27.32 Impairment losses recognised and reversed, by class of asset.

How Sight applies it

Impairment is a judgement the accountant posts; the notes reconcile the resulting carrying amounts.

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