Accounting Foundations: Asset Impairment Preview

Accounting Foundations: Asset Impairment

With Jim Stice and Earl Stice Liked by 1,273 users
Duration: 1h 29m Skill level: Advanced Released: 3/4/2020

Course details

Goodwill, accounts receivable, and other long-term assets often have a market value that is less than the book value, or cost, of the asset. In this course, you can learn how to account for this on the balance sheet through asset impairment. Working with impaired assets also requires understanding how to value those assets from year to year and audit the reported value. This course covers all the aspects of identifying, reporting, and auditing the acquisition, depreciation, and impairment of tangible and intangible assets. Plus, learn about the option for upward revaluation—write-up—available under the International Financial Reporting Standards rules.

Skills you’ll gain

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Contents

What’s included

  • Practice while you learn 1 exercise file
  • Test your knowledge 5 quizzes
  • Learn on the go Access on tablet and phone
  • Stay up to date Continuing Education Units

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