Impairments & Intangibles: Current Accounting Issues Webinar

To provide CPAs and other finance professionals with a practical understanding of impairment and intangible asset accounting, enabling them to evaluate impairment indicators, assess valuation and cash flow assumptions, apply current guidance, and address related reporting, disclosure, and going concern considerations. The course also examines how economic uncertainty, changing regulatory priorities, supply chain disruption, and evolving market conditions are influencing impairment evaluations and financial reporting risks.

• The economy and impairments
• Applying materiality, “more-likely-than-not,” and professional judgment in impairment analyses
• Identifying economic, operational, and industry-specific impairment triggers
• CECL developments and expected credit loss considerations under Topic 326
• Goodwill:
  – Recent impairment studies and trends
  – Developing and defending discount rates
  – Reporting units and valuation challenges
  – Qualitative versus quantitative impairment assessments
• Practical impairment testing considerations for intangible and long-lived assets
• Asset retirement obligations and environmental impairment considerations
• Impairments and discontinued operations
• Reporting discontinued operations
• Deferred taxes and impairments
• Accounting and reporting considerations related to restructuring and downsizing activities
• Reverse stock splits
• Documentation, modeling, and audit trail considerations for impairment analyses
• Going concern and liquidation basis considerations:
  – Evaluating going concern risks and uncertainties 
  – Liquidation basis accounting 
  – Disclosure requirements and auditor considerations
  – SAS 132 and auditor responsibilities related to going concern evaluations

To provide CPAs and other finance professionals with a practical understanding of impairment and intangible asset accounting, enabling them to evaluate impairment indicators, assess valuation and cash flow assumptions, apply current guidance, and address related reporting, disclosure, and going concern considerations. The self-study webinar also examines how economic uncertainty, changing regulatory priorities, supply chain disruption, and evolving market conditions are influencing impairment evaluations and financial reporting risks.

DETAILED LEARNING OBJECTIVES

• Identify the primary GAAP literature applicable to various impairment scenarios

• Recognize economic and company-specific impairment indicators

• Explain the impact of macroeconomic conditions on impairment testing

• Distinguish between GAAP and IFRS impairment reversal rules

• Define the more-likely-than-not threshold used in accounting guidance

• Differentiate between qualitative and quantitative materiality considerations

• Explain the CECL model under Topic 326

• Identify financial assets within the scope of CECL guidance

• Describe accounting for purchased credit deteriorated assets

• Explain disclosure requirements related to credit losses

• Identify the provisions of ASU 2025-08 related to purchased seasoned loans

• Describe the practical expedients provided by ASU 2025-05

• Explain the historical development of goodwill accounting

• Differentiate between amortization and impairment-only goodwill models

• Identify factors used in developing discount rates for valuation models

• Define a reporting unit for goodwill impairment purposes

• Explain qualitative and quantitative goodwill impairment assessments

• Recognize triggering events requiring interim impairment testing

• Describe impairment testing for long-lived assets under Topic 360

• Explain recoverability testing using undiscounted cash flows

• Identify accounting considerations related to discontinued operations

• Explain the liquidation basis of accounting

• Describe management’s responsibilities under going concern guidance

• Recognize the role of judgment in impairment and valuation analyses

• Identify common risks and challenges associated with impairment modeling

• The economy and impairments
• Applying materiality, “more-likely-than-not,” and professional judgment in impairment analyses
• Identifying economic, operational, and industry-specific impairment triggers
• CECL developments and expected credit loss considerations under Topic 326
• Goodwill:
  – Recent impairment studies and trends
  – Developing and defending discount rates
  – Reporting units and valuation challenges
  – Qualitative versus quantitative impairment assessments
• Practical impairment testing considerations for intangible and long-lived assets
• Asset retirement obligations and environmental impairment considerations
• Impairments and discontinued operations
• Reporting discontinued operations
• Deferred taxes and impairments
• Accounting and reporting considerations related to restructuring and downsizing activities
• Reverse stock splits
• Documentation, modeling, and audit trail considerations for impairment analyses
• Going concern and liquidation basis considerations:
  – Evaluating going concern risks and uncertainties 
  – Liquidation basis accounting 
  – Disclosure requirements and auditor considerations
  – SAS 132 and auditor responsibilities related to going concern evaluations