Impairments & Intangibles: Current Accounting Issues Self-Study Webinar (10 Hours)


Accounting for asset impairments and intangibles can be a minefield even for the seasoned professional. Accountants and auditors need a clear understanding of how to determine whether assets have become impaired and, if so, by how much. This self-study webinar will enable you to:

  • Understand the latest financial accounting issues surrounding intangibles and asset impairments
  • Deal with practical issues in determining fair values and using cash flows for impairment evaluation
  • Evaluate and follow the requirements for goodwill impairment testing
  • Follow new and proposed guidance from FASB
  • Identify COVID-19 issues

To provide accountants with a comprehensive knowledge of accounting principles concerning impairments of assets, intangibles, capitalization and goodwill. You’ll learn the latest thinking regarding capitalizable assets, impairment, depreciation and amortization, deferred taxes and special issues associated with intangibles.

  • Testing impairment of goodwill, and other intangibles with an indefinite life, including recent guidance
  • Intangible assets
    – Separating goodwill from other intangibles
    – Intangibles with an indefinite life
    – Determining fair value
  • Impairment triggers and calculations
  • Capitalization, depreciation and amortization
  • Discontinued operations and Assets Held for Sale
  • Deferred taxes associated with depreciation and impairment
  • Related issues
    – Leases
    – Asset retirement obligations and FASB Concepts Statement 7
    – Nonmonetary transactions
    – Going concern and liquidation basis
    – Impact of FASB guidance on consolidations and intangibles
  • Use of materiality and "more likely than not"
  • FASB Simplification Initiative
  • New and proposed FASB guidance
  • The impact of COVID-19

• Recognize the proposals made by the SEC’s Investor Advisory Committee

• Identify the probability factor associated with the more-likely-than-not assessment

• Identify the instances where more-likely-than-not is required

• Recognize quantitative factors in determining materiality

• Identify the frequency public companies test for impairment

• Recognize the permanence of impairments under GAAP

• Identify the requirements in ASU 2016-13

• Recognize how to account for balance sheet items in a business combination

• Recognize the treatment of goodwill prior to and following FAS 142

• Identify the relationship between the discount rate and the present value of future cash flows

• Recognize the order in which impairment testing should be performed

• Identify characteristics of reporting units

• Identify the requirements in ASU 2011-08

• Recognize events that would trigger impairment testing

• Identify characteristics of the qualitative assessment

• Recognize the requirements in ASU 2017-04

• Identify the characteristics of intangibles

• Recognize certain contract-based intangible assets

• Identify the definition of value

• Recognize the impairment disclosure requirements

• Identify the methodology for recording an asset retirement obligation

• Recognize the accounting for the accretion of an asset retirement obligation

• Identify the interest rate to be used in the expected present value measurement technique

• Recognize the characteristics of the marketplace in which an asset is to be valued

• Recognize the frequency with which goodwill is recognized in the acquisition method of accounting

• Recognize the accounting treatment of specified internally developed intangible assets

• Identify the criterion for classifying a long-lived asset to be considered held for sale

• Identify the ramifications of ASU 2014-08 on the volume of disposals qualifying as discontinued operations

• Identify the accounting treatment of a liability for a cost associated with an exit or disposal activity

• Identify the criteria for recognition of one-time employee termination benefits

• Recognize the characteristics of liquidation basis financial statements

• Identify items within the scope of Topic 410

• Identify the required disclosures in Topic 420

• Recognize the disadvantages of restructuring

• Identify what constitutes an exit cost

• Recognize disclosure requirements for going concern issues

• Identify certain going concern indicators




No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: