Impairment of Non-Financial Assets

BACKGROUND

Currently, there is a lack of Canadian guidance on the impairment of non-financial assets that have service potential.

(Read more)

The objective of this project is to issue a standard that addresses the impairment of tangible capital assets that have service potential.

The project will define impairment, as well as provide guidance on assessment, recognition, measurement and disclosure of impairment losses.   

(Hide)


PROJECT NEWS & DECISION SUMMARIES

PSAB Decision Summary – June 26-27, 2012
PSAB approved a project proposal. The project will focus on addressing the impairment of tangible capital assets that provide service benefits. Deferred maintenance issues will also be considered. The project will define impairment, and provide guidance on assessment, recognition, measurement and disclosure of impairment losses.   

 

Disclaimer: This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.