To provide accountants with a thorough overview of the most important issues governing the current use of impairment testing as well as the general guidelines established through ASC 360.

• Order of Impairment Testing
• Testing for Recoverability
• Identification of Asset Groups
• Qualitative Assessment
• Quantitative Assessment
• Goodwill
• Reporting Units
• Allocating Assets
• Determining FV of Reporting Units
• Private Company Alternatives
• Financial Reporting Considerations Related to COVID-19

To provide accountants with a thorough overview of the most important issues governing the current use of impairment testing as well as the general guidelines established through ASC 360.

• Identify circumstances in which impairments can be reversed

• Recognize what group of assets requires the fair value of the reporting unit to be compared to the carrying amount under impairment accounting

• Identify the unit of account for goodwill testing purposes

• Recognize the characteristics of a reporting unit

• Identify characteristics of approaches used to assign the reporting unit carrying amount

• Recognize the provisions in ASU 2017-04

• Identify the steps in the impairment test of long-lived assets

• Recognize the requirements of impairment disclosures

• Order of Impairment Testing
• Testing for Recoverability
• Identification of Asset Groups
• Qualitative Assessment
• Quantitative Assessment
• Goodwill
• Reporting Units
• Allocating Assets
• Determining FV of Reporting Units
• Private Company Alternatives
• Financial Reporting Considerations Related to COVID-19