LESSON PLAN

NAME: FLORRY MAE G. CAPUNDAN YEAR & COURSE: BSA – 4B

I. OBEJECTIVES The learners shall be able to:

a. Explain the basic principle for the recognition of
impairment.
b. Define fair value less cost of disposal, value in use
and recoverable amount.
c. Demonstrate the concept of a cash generating unit.
d. Allocate the impairment loss across the asset of a
cash generating unit.

II. SUBJECT MATTER

a. Title/Topic - IMPAIRMENT OF ASSET
b. Learning Resources - Intermediate Accounting, Volume 1
Valix Book
Chapter30, pg 857-892

a. Prayer
III. LEARNING ACTIVITIES b. Attendance
c. Review of the past lesson
d. Motivation
e. Lesson proper/discussion
f. Generalization

IV. EVALUATION Q1. What are the basic principle underlying impairment of asset?
Q2. What is the fair value of asset? Cost of disposal? Value in
use? And recoverable amount?
Q3. What is the concept of generating unit?
Q4. Answer the problem 30-3 (IFRS) pg.879

V. ASSIGNMENT Answer the problem 30-17 (IFRS) pg.887 and Problem 30-20 pg.
889.