Impairment of Goodwill, Intangibles & Other Long-Lived Assets Webinar (1 Hours)

Overview: 

Accounting for asset impairments and intangibles can be a minefield. This session will focus on the accounting principles concerning impairments of assets, intangibles, capitalization, and goodwill, and will also discuss:

  • Impairment testing (ASC 360-10)
  • Long-lived assets
  • Finite-lived intangible assets
  • Indefinite-lived intangible assets
  • The impact of COVID-19
Objective: 

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.

Emphasis: 
  • 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
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Prerequisite: 

Basic knowledge of accounting and reporting.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
1.00
NASBA Field of Study: 
Accounting