Presentation and disclosure
Although MFRS 136 ‘Impairment of Assets’ is not a new Standard, and many of its requirements are familiar, MFRS 136’s guidance is detailed, prescriptive and complex in some areas. Given this, it is often challenging to apply in practice.
The articles in our ‘Insights into MFRS 136’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand many of the requirements set out in MFRS 136, and re-visit some areas where confusion has been seen in practice.
MFRS 136 Presentation and disclosure
This article provides a summary of the MFRS 136 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative examples for these areas of focus.
How we can help
We hope you find the information in this article helpful in giving you some insight into MFRS 136. If you would like to discuss any of the points raised, please do not hesitate to contact us.