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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 the requirements set out in MFRS 136, and revisit some areas where confusion has been seen in practice.
The next three articles in our ‘Insights into MFRS 136’ series cover Step 4 of the impairment review, namely estimating the recoverable amount.
We cover:
- Recoverable amount and fair value less costs of disposal
- Value in use – estimating future cash inflows and outflows
- Value in use – applying the appropriate discount rate
This article, covers the definitions of recoverable amount and fair value less costs of disposal (FVLCOD) and provides an overview of value in use (VIU).
This publication explains estimating recoverable amount
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.