Impairment and Disposal of Long-Lived Assets

Study Level: Intermediate
Delivery Method: Online self-study
Provider of Record: WebCE
Field of Study: Accounting
Number of CE Hours: 2
Prerequisites: 1-2 years of accounting experience.

This course provides an overview of the authoritative guidance prescribed by Accounting Standards Codification (ASC) Topic No. 360, Impairment and Disposal of Long-Lived Assets. This course primarily addresses 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

Published: Jan. 2018

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