Impairments, Intangibles & Goodwill: Current Challenges Self-Study Webinar
Overview
Accounting for asset impairments and intangibles can be difficult. This self-study webinar will focus on the accounting principles concerning impairments of assets, intangibles, and goodwill, and will also discuss:
- Impairment testing (ASC 360)
- Long-lived assets
- Finite-lived intangible assets
- Indefinite-lived intangible assets
- Tariff considerations
SPEAKER:
Alissia Spence, Manager, National Office-Accounting & Reporting, Deloitte
Objective
To provide CPAs and other financial professionals with a thorough overview of ASC 360 and the most important issues governing impairment testing.
DETAILED LEARNING OBJECTIVES
• 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
Emphasis
- Order of Impairment Testing
- Testing for Recoverability
- Identification of Asset Groups
- Measuring & Allocating Impairment Loss
- Reporting Units
- Allocating Assets
- Testing Goodwill for Impairment
- Determining Fair Value of Reporting Units
- Private Company Alternatives
- Goodwill Disclosures
- Disposals & Reorganizations of Reporting Unit Structure
- Accounting and Disclosure Considerations Related to Tariffs
Speakers
Alissia Spence, Manager, National Office-Accounting & Reporting, Deloitte
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