Webinar (CPA Crossings): Auditing Impairment of Long-Lived Assets

Description

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.

Learning 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
Provider
CPA Crossings, LLC
Course Level
Basic
CPE Field of Study
Auditing
2
Who Should Attend

Accountants responsible for auditing potential impairment of long-lived assets

Instructor(s)
Jennifer Louis
Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Oct 5, 2021
7:30 am - 9:30 am MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar

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$79.00

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$103.00
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Webinar (CPA Crossings): Auditing Impairment of Long-Lived Assets


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