MNCPA is here for you.
Let us know how we can help.

22WX-2608: Auditing Impairment of Long-Lived Assets (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Tuesday, December 20, 2022
Time 10:30am - 12:30pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Auditing - Technical (2.0)
Instructor Jennifer Louis, CPA
Surgent
Fees
Standard Member Fee $79.00
Standard Nonmember Fee $79.00

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.

Who should take this program?

Accountants responsible for auditing potential impairment of long-lived assets

Major subjects

  • 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

Learning objective(s)

  • 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

Notes:

Course code Code 22WX-2608
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.