Accounting, financial reporting, and valuation considerations for asset impairment

Event details

Over the last few months, many organizations have seen interruptions to their operations. Markets have been disrupted;, revenues may have diminished; demand remains uncertain. Government funds are running out. Companies that have lost key accounts, closed locations, or are running at reduced capacity are likely to have experienced a triggering event. If so, an asset impairment test is essential. 

This webinar will focus on evaluating and accounting for asset impairment. Upon completing the webinar, attendees should be able to: 

• Identify triggering events for nonfinancial asset impairment 
• Explain impairment accounting guidance for different asset classes 
• Properly order asset impairment tests 
• Apply common models for valuing nonfinancial assets, including goodwill, for impairment 
• Explain disclosure requirements associated with impairments 

We’ll discuss why the current environment is elevating the issue of asset impairment and present the relevant accounting and financial reporting guidance on this topic. Then valuation professionals will share some best practices and insights involved with assessing asset impairment. 

Who should attend? 

Chief financial officers, chief accounting officers, controllers, VP/directors of finance, accounting managers, directors of financial reporting, and audit committee members

Presenters 

Rick Childs, Partner 
Mandi Simpson, Partner 
Steve Schumacher, Partner 

Continuing professional education 

Advance preparation: None
Prerequisites: None
Program level: Overview
Field of study: Accounting
Delivery method: Webinar (live group internet) 

Additional CPE information

This session is recommended for 1.5 hours of CPE credit. 
There is no fee to participate in this event; therefore, there is no cancellation fee.

Additional information

For additional information please contact Jon Losey.