Impairments & Intangibles: Current Accounting Issues Webinar
Overview
Rising interest rates, inflation, market disruption, restructuring activity, and evolving accounting guidance continue to increase scrutiny around impairment analysis and financial reporting judgments. This course provides a practical review of impairment testing requirements for goodwill, intangible assets, long-lived assets, and other related areas, helping professionals navigate valuation challenges, documentation expectations, disclosure obligations, auditor scrutiny and reporting complexities. Participants will gain insight into:
- How economic conditions and business changes can trigger impairment and valuation concerns
- Key judgment areas involved in impairment testing, reporting, and financial statement disclosures
- Practical considerations for addressing uncertainty, restructuring events, and going concern issues
Objective
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.
Emphasis
- 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
This course is included in the following subscriptions:
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