Obstacles to measuring asset impairment in accordance with the requirements of International Accounting Standard IAS 36: Case study (Al-Nabaa Production and Catering Services Company)

Abstract

This research focuses on presenting the key requirements for accounting measurement of asset impairment according to International Accounting Standard (IAS) 36. The research aimed to identify the obstacles to measuring the impairment of fixed assets in Al-Naba'a Company for Production and Catering Services. The researcher collected data relevant to the study from books and published research that addressed the topic, as well as gathering primary data through personal interviews conducted with several employees within the company. The research results revealed that there are several obstacles preventing the measurement of impairment in fixed assets according to IAS 36, the most significant being the inability to determine the fair value of the impaired asset in order to reach the recoverable amount