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Monday, August 22, 2022 Live Webcast

Auditing Impairment of Long-Lived Assets (X2-30141)

2:30 PM - 4:30 PM EDT
webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

Long-lived assets may be either finite or indefinite-lived, tangible or intangible in nature. The carrying value of these long-lived assets should be evaluated at each measurement date to determine whether there is an impairment loss necessary due to declines in an asset's fair value.

DESIGNED FOR

Accountants responsible for auditing potential impairment of long-lived assets

BENEFITS

After attending this presentation you will be able to...

  • Describe typical assets subject to impairment, including finite and indefinite-lived assets
  • Discuss indicators of impairment and recoverability testing for both tangible and intangible long-lived assets
  • Explain goodwill accounting and auditing risks

HIGHLIGHTS

The major topics covered in this class include:

  • Indicators of impairment
  • Steps to recoverability testing for long-lived assets held and used
  • Grouping assets held and used
  • Allocating impairment loss and disclosures
  • Testing indefinite-lived intangibles for impairment, including goodwill
  • Valuation techniques for determining a reporting unit's fair value

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys

PRICING

$69.00 - Member

$79.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

CPA Crossings