Comprehensive Coverage

Strengthen professional understanding of impairment standards under U.S. GAAP

Practical Insights

Support audit readiness and compliance with accounting regulations

Expert Guidance

Reinforce effective financial statement reporting and disclosures

About the Course

This course provides an in-depth review of U.S. GAAP standards for impairment testing of long-lived assets and goodwill. Participants will explore the recognition and measurement criteria under ASC 360 and ASC 350, including step-by-step procedures for conducting impairment tests, reporting considerations, and current implementation issues. CPAs will gain the practical knowledge needed to evaluate impairment indicators, apply valuation approaches, and communicate the financial reporting impact.

Course Curriculum

6 Chapters · 10 Lessons

  1. 1

    Course Introduction

    1. (Included in full purchase)

      Course Syllabus

  2. 2

    Module 1: Overview of Impairment Standards under GAAP

    1. (Included in full purchase)

      Overview of Impairment Standards under GAAP

    2. (Included in full purchase)

      Module 1 Reinforcement and Knowledge Checks

  3. 3

    Module 2: Impairment Testing for Long-Lived Assets (ASC 360)

    1. (Included in full purchase)

      Impairment Testing for Long-Lived Assets

    2. (Included in full purchase)

      Module 2 Reinforcement and Knowledge Checks

  4. 4

    Module 3: Goodwill Impairment Testing (ASC 350)

    1. (Included in full purchase)

      Goodwill and Indefinite-Lived Intangibles under ASC 350

    2. (Included in full purchase)

      Module 3 Reinforcement and Knowledge Checks

  5. 5

    Module 4: Disclosures, Implementation Issues, and Best Practices

    1. (Included in full purchase)

      Impairment Disclosures and Compliance Considerations

    2. (Included in full purchase)

      Module 4 Reinforcement and Knowledge Checks

  6. 6

    Final Exam

    1. (Included in full purchase)

      Final Exam

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