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FRV podcast: 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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