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 recording focuses on evaluating and accounting for asset impairment. And discusses 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 share some best practices and insights involved with assessing asset impairment.