Auditing Impairment of Long-Lived Assets
Monday, June 24, 2024
Webcast or Webinar, Online
1:00 PM - 3:00 PM (opens at 12:30PM) EST
2Credits
Accounting and Auditing
Registration is Open
Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price
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Course Type: Webcast
Course Code: 24/CX45989
Level: Basic
Vendor: CPA Crossings, LLC
Field of Study: Auditing
Overview:
Long-lived assets may be either finite or indefinite-lived, tangible or intangible in nature. The carrying value of these long-lived assets should be evaluated at each measurement date to determine whether there is an impairment loss necessary due to declines in an asset's fair value. This course describes the tips and techniques for determining whether an impairment loss risk exists, and how to calculate, record, and disclose any such loss. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.Objectives:
After attending this presentation you will be able to...
- Describe typical assets subject to impairment, including finite and indefinite-lived assets
- Discuss indicators of impairment and recoverability testing for both tangible and intangible long-lived assets
- Explain goodwill accounting and auditing risks
Major Topics:
The major topics covered in this class include:
- Indicators of impairment
- Steps to recoverability testing for long-lived assets held and used
- Grouping assets held and used
- Allocating impairment loss and disclosures
- Testing indefinite-lived intangibles for impairment, including goodwill
- Valuation techniques for determining a reporting unit's fair value
Major Topics:
The major topics covered in this class include:
- Indicators of impairment
- Steps to recoverability testing for long-lived assets held and used
- Grouping assets held and used
- Allocating impairment loss and disclosures
- Testing indefinite-lived intangibles for impairment, including goodwill
- Valuation techniques for determining a reporting unit's fair value