NAA2323. Asset Impairment and the Incorporation of Fair Value Measurements

Join us for a plan-English overview in accounting for nonfinancial asset impairment models. We’ll make this an interactive session to discuss accounting and auditing concerns when dealing with various impairment models for nonfinancial assets.

Learning Objectives:

• Grasp the fundamental concepts underlying nonfinancial asset impairment accounting for: 1) Long-lived assets; 2) Indefinite-life assets; 3) Goodwill for private companies.
• Navigate through various impairment models and recognize their implications
• Understand the interplay between accounting and auditing in the context of impairment