Make the right decisions on asset impairment with our comprehensive support

COVID-19 business disruptions may prompt you to assess for potential asset impairments. But asset impairment assessments are rarely straightforward.

You need an adviser who understands the ins and outs of asset impairment and valuation. Our experienced specialists can deliver the right guidance for your situation.

Understand why asset impairment is suddenly a critical topic

In turbulent times, you need clearer insights into the health of your nonfinancial assets, for which market values may have decreased dramatically.

Determining if an asset is impaired – and when and how to record a loss – requires your best analysis and judgment. You must make decisions about triggering events, impairment testing, documentation, and disclosures. 

It isn’t easy, and there's no one-size-fits-all approach. Accounting models and U.S. GAAP guidance can vary depending on the asset type: inventory; goodwill; intangibles; or property, plant, and equipment (PP&E). Guidance is evolving, and ongoing market uncertainty makes forecasting more difficult.

Get asset impairment right and gain insight into the health of your business

Asset impairment accounting takes on greater importance during economic upheaval or recession.

It also requires more work and attention to detail – tracking down data and assembling thorough documentation. 

But the effort has a payoff. Your ability to evaluate your assets and their cash flows will have a tremendous impact on the quality of your financial reporting and the business decisions that follow. 

Count on our experience and technical expertise

Our advisers bring deep experience with impairment assessments for every type of nonfinancial asset class: inventory, intangible assets, PP&E, and goodwill. 

Impairment testing
Our advisers can help you identify the appropriate accounting model for your needs and perform impairment tests in compliance with ASC 350 or ASC 360. 
Impairment testing
Valuation services
We can help you comply with guidance and regulations on fair value, impairment, disposal of long-lived assets, and more.
Valuation services
Financial reporting and disclosures
We can assist you with preparing financial statement disclosures that provide clarity to your stakeholders.
Financial reporting and disclosures
Looking for additional guidance on asset impairments? Learn the best practices from this on-demand webinar. 

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Guidance tailored to your needs  

We bring a meticulous and individualized approach to asset impairment accounting for each client. Our specialists will help you understand the impairment considerations for each of your asset classes and share guidance on the proper ordering of impairment testing, what triggering events should lead to impairment testing, and how to calculate impairment, if needed.

Contact one of our experienced specialists in nonfinancial asset impairment: