Auditing Impairment of Long-Lived Assets
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical)
Course code: 24SX-0014
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from sales tax, call us at 952-831-2707 to complete your purchase.
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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.
Major subjects
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Indicators of impairment
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Steps to recoverability testing for long-lived assets held and used
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Grouping assets held and used
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Allocating impairment loss and disclosures
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Testing indefinite-lived intangibles for impairment, including goodwill
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Valuation techniques for determining a reporting unit's fair value
Learning objectives
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Describe typical assets subject to impairment, including finite and indefinite-lived assets
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Discuss indicators of impairment and recoverability testing for both tangible and intangible long-lived assets
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Explain goodwill accounting and auditing risks
Who should take this program?
- Accountants responsible for auditing potential impairment of long-lived assets
Pricing
|
Standard Member Fee |
$58.00
|
 Standard Nonmember Fee |
$58.00
|
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
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Area
of study
Accounting & audit
Field(s)
of study
Auditing - Technical (2.0)
Level
Basic
Format
Self-study - On-Demand
Sponsor
NASBA ID#: 108744
Prerequisites
Prereq.
None
Advance
prep
None
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