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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
Explore more
Resource
Coronavirus-related impairment of nonfinancial assets
Updated: FAQs on the impairment of goodwill and long-lived assets as a result of COVID-19.
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.
Meet our team
Karen Silverman
Partner, Audit, KPMG LLP
Frederik Bort
Managing Director, Dept. of Professional Practice, KPMG US
Julie Santoro
Partner, Dept. of Professional Practice, KPMG
Karen Silverman
Partner, Audit, KPMG LLP
Frederik Bort
Managing Director, Dept. of Professional Practice, KPMG US
Julie Santoro
Partner, Dept. of Professional Practice, KPMG
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