New ! IAS 36 “Impairment of Assets” and IAS 20 “Accounting for Government Grants and Disclosure of Government Assistance”

€80.00

3 CPD Hours

Seminar Aim/ Objective:
Participant's Profile

Seminar Aim/ Objective:

By the end of this seminar, participants will be able to:

Understand IAS 36 – Learn the principles of asset impairment, identification of impairment indicators, and the impairment testing process.
Apply IAS 36 – Gain practical insights into calculating recoverable amounts, recognizing impairment losses, and subsequent reversals.
Understand IAS 20 – Explore the accounting treatment of government grants and the disclosure requirements under IAS 20.
Apply IAS 20 – Learn how to recognize, measure, and present government grants in financial statements.
Enhance Compliance – Ensure adherence to IFRS standards and avoid common pitfalls in impairment and grant accounting.

Participant's Profile

This seminar is designed for professionals involved in financial reporting, auditing, and regulatory compliance, including:

✅ Finance Managers & CFOs – Responsible for financial reporting and decision-making.
✅ Accountants & Auditors – Ensuring compliance with IFRS and best accounting practices.
✅ Financial Analysts – Interpreting financial statements for investment and decision-making.
✅ Regulatory & Compliance Officers – Understanding how impairment and government grants impact financial disclosures.

Presenter

Eleftherios Charalambous

EDUCATION

Lefteris has a bachelor’s degree in Business Administration from University of Cyprus, a master’s degree in Finance from University of Warwick and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW).

WORK EXPERIENCE

Lefteris has been working in the profession in Cyprus since 2009. He currently holds the position of Manager in a private company, with responsibilities which include compliance of financial statements of many types of companies with IFRSs.

TEACHING EXPERIENCE

Lefteris has joined Globaltraining in 2012, specialising in Financial Reporting, teaching in professional courses (ACCA), delivering exam focused lectures aiming at achieving a first time pass for his students. He is also an approved HRDA Level 5 Certified Trainer, providing seminars for Continued Professional Development (CPD).

Outline

SEMINAR PROGRAMME

1. IAS 20 “Accounting for Government Grants and Disclosure of Government Assistance”

Definitions
Forms of Government Grants
Recognition rules
Capital and Revenue Grants
Measurement
Repayment of Grants
Disclosures

2. IAS 36 “Impairment of Assets”

Definitions
Impairment test
Recognition of impairment loss
Indications of impairment
Interaction with IFRS 5 “Non-current assets held for sales and discontinued operations”
Interaction with IAS 10 “Events after the reporting period”
Cash Generating Units (CGU’s)
Interaction with IFRS 16 “Leases”
Interaction with IAS 37 “Provisions, Contingent Liabilities and Contingent Assets”
Reversing an impairment loss
Disclosures

You Receive

Pre-Recorded Videos
Short Quizes
Seminar notes
24/7 access to our online platform

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