Impairment and Disposal of Long-Lived Assets

Overview

This course provides an overview of the guidance prescribed by Accounting Standards Codification (ASC) Topic No. 360, Impairment and Disposal of Long-Lived Assets. This course primarily addresses the impairment of assets that are held for use as well as the accounting and reporting requirements related to assets held for sale and for sale by other means. This course also provides an overview of the respective presentation and disclosure requirements of each.  

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Objectives

  • recognize examples of impairment indicators 
  • recognize the key steps involved in the impairment analysis of assets held and used
  • identify the respective disclosure requirements of assets held and used
  • identify key principles related to assets that are held for sale 
  • identify subsequent measurement requirements related to assets held for sale 
  • recognize presentation and disclosure requirements related to assets held for sale

Designed For:

CPAs, EAs, managers, tax professionals, and other financial advisors


WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Prerequisites:
General familiarity or experience with the balance sheet and fixed asset accounting
Advanced Preparation: None