This report provides a detailed analysis of impairment loss in corporate accounting, focusing on the application of AASB 136. It defines key terms such as carrying amount, cash generating unit (CGU), cost of disposal, and recoverable amount, explaining how to determine impairment loss and when to reverse it. The report outlines the indicators of impairment, both external and internal, and details the process for identifying CGUs and allocating impairment losses. It also includes practical examples with journal entries for impairment loss computation, excluding inventories. The document concludes by emphasizing the disclosure requirements for impairment loss in CGUs, offering a comprehensive understanding of the accounting standards and procedures involved. Desklib provides a platform to access this document along with numerous solved assignments and past papers.