AAIM
A PRACTICAL APPROACH TO ASSET IMPAIRMENT AND RETIREMENT ACCOUNTING
The objective of this course is to provide
the CPA with practical guidance about situations where assets may need
to be written down under SFAS No. 144. Particular emphasis will be placed
on implementing this pronouncement in small- and medium-sized firms. Accounting
for exit costs under SFAS No. 143 will also be covered using a similar
approach.
Major
topics include:
- How some companies
were using impairment to manage earnings.
- How Statements
No. 142, 143, 144, and 146 create a framework of unified guidance.
- The five basic
principles of impairment accounting.
- The four-step approach
to testing for impairment.
- Expected-values
calculations -- are they required?
- Implementation
issues.
- Comprehensive examples
of impairment accounting.
- How asset retirement
obligations are recognized under SFAS No. 143.
Field of Study: Accounting
Level of Knowledge: Intermediate
Prerequisites: None
Credit Hours: 2
Price: $39
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