Trigger Warning: Non-Financial Asset Impairments
Want to know about the types of non-financial assets, their impairment triggers, models, and what GAAP says about all of it? Then you came to the right podcast.
Audio is streamed directly from the publisher (media.transistor.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
PPE, right-of-use assets, intangibles, goodwill – we could go on but you get the idea. The vocabulary behind non-financial asset impairments is almost as expansive as the topic itself. So where do you even begin accounting for all it? And how? That’s the focus of this episode of Accounting Matters, where hosts Adam Olsen and Sarah Cage Richter are once again joined by fellow Embarker Jason Larkin to answer critical questions like:
- What is a non-financial asset?
- Which impairment models do you use? And when?
- What’s a triggering event or a recoverability test?
- How do you account for non-financial asset impairments?
For more information on non-financial asset impairments:
- Accounting for Long-Lived Asset Impairment: Testing, Examples & More
- ASC 350, Intangibles—Goodwill and Other
- ASC 360, Property, Plant, and Equipment
Connect with Embark on: