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
Course code
Code
22WX-2608
Sponsor
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.
