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Impairment Top 10

01.13.2021 | Duration: 24:12

Important year-end reporting considerations for nonfinancial asset impairment.

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Podcast overview

Professionals from our Department of Professional Practice discuss the considerations that should be top-of-mind when determining if and how to test nonfinancial assets for impairment.

Applicability

  • All entities with nonfinancial assets

Relevant dates

  • Effective immediately

Podcast contents

  • 01:00 - Background on impairment
  • 02:10 - When to test
  • 04:45 - Goodwill
  • 15:20 - Long-lived assets
  • 19:55 - Disclosures
  • 21:00 - Suggestions
  • 21:35 - FASB relief for private companies

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Resource
Webcast Replay Webcast Upcoming Listen Now From The Web

Coronavirus-related impairment of nonfinancial assets

Updated: FAQs on the impairment of goodwill and long-lived assets as a result of COVID-19.

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Handbook: Impairment of nonfinancial assets

Latest edition: KPMG in-depth guide to impairment testing, covering the models in ASC 350-20, ASC 350-30 and ASC 360.

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Meet our team

Image of Karen Silverman
Karen Silverman
Partner, Audit, KPMG LLP
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Image of Frederik Bort
Frederik Bort
Managing Director, Dept. of Professional Practice, KPMG US
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Image of Julie Santoro
Julie Santoro
Partner, Dept. of Professional Practice, KPMG
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Image of Karen Silverman
Karen Silverman
Partner, Audit, KPMG LLP
Read bio
Image of Frederik Bort
Frederik Bort
Managing Director, Dept. of Professional Practice, KPMG US
Read bio
Image of Julie Santoro
Julie Santoro
Partner, Dept. of Professional Practice, KPMG
Read bio

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