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.
Learning Objectives
Upon completion of this course, students will be able to:
- 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
Prerequisites
Students should have general familiarity or experience with the balance sheet and fixed asset accounting.
Find this course for your license:
License or Certification
Regulator
Type