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Auditing Impairment of Long-Lived Assets

ID: 60567
Monday June 24, 2024 1:00PM - 3:00PM
Topics: Audit + Assurance
NON-MEMBERS$111.25
MEMBERS$89.00
YOUR PRICE$111.25

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.

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

Who will benefit: Accountants responsible for auditing potential impairment of long-lived assets

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.