Viewpoints: IAS 36 Impairment of assets - Fair value disclosure (Oil & gas)

Learn how recent disclosure amendments to International Accounting Standard (IAS) 36 Impairment of Assets affect oil and gas organizations.

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Changes made to IAS 36 in May 2013 require new disclosures when an impairment loss is recognized or reversed in the period. To learn more about this topic and what it means for your oil and gas organization, read Viewpoints: Applying IFRSs in the Oil and Gas Industry: IAS 36 Impairment of Assets — Fair Value Disclosure.

What you will learn

Developed jointly by Chartered Professional Accountants of Canada (CPA Canada), the Canadian Association of Petroleum Producers and the Explorers and Producers Association of Canada, this paper addresses topics such as:

  • levels of the fair value hierarchy
  • valuation techniques
  • change in valuation techniques
  • key assumptions & discount rates


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