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What You'll Learn!
1. What is the definition of an impairment

2. Learning objectives

3. Drivers of impairments

4. The basic rule for impairments

1. Definition of an impairment

2. Impact of an impairment

3. Impairments are permanent

1. Impairment example - Income statement

2. Impairment example - Notes to the Financial Statements

3. Key takeaways

1. Testing for recoverability

2. Triggering events

2. The 2-step impairment test

1. Rules for calculating the impairment

2. Plain version for calculating the impairment

3. Impact of goodwill

4. Asset is under construction

5.Impairment test - Step 1

6. Impairment test - Step 2

7. Detailed example

8. Using ASC 980 to defer the loss on impairment

9. Asset is no longer in use

1. Quiz on course materials

2. Certificate of completion and course evaluation

Over 600 students from all skill levels

Our students have grown their skills by taking our courses. Here are just a few of their stories.

FERC Uniform System of Accounts

This is a well thought out, easy to understand course for beginners!

Ted

Wonderful way to learn about the industry!

This was an incredible overview! I cannot wait to share this with others. I LOVED how you explained things. You have great speaking and explanation skills.

Nicole

FERC Construction Accounting

The title is a great description of the course materials. Very informative course!

Tara

Great course!

I came looking for an introduction to utilities course and I'm glad I took this one. Russ was great and explained everything really well. It was great learning from someone who has actually been in the industry and knows about both the finance and utility sectors. I will be taking more courses!

Kritant

Great course on learning construction accounting!

I did not have a lot of knowledge about utility construction accounting or standard units, but this course was a good overview of the process and very understandable to a newbie.

Matt

The title says it all!

I thought the text was simple and direct to the talking points. I was able to follow clearly and to jot down specific key words that reinforced the text in the presentation.

Kawai

Very Helpful Course!

I am new to the Coop world and this did help me. Thank you!

Kristin

Good title!

Good basic understanding of RUS and the chart of accounts. I came from outside the utility world and was quite lost. This class helps to provide a basic foundation.

Julie

Great information!

Was a quick, easy and great information!

Mary

Frequently Asked Questions
All video lessons and course downloads are included in the course. Course access is for 1 year after the date of purchase.
Knowledge is power (forgive the electric pun). But this course adds to your knowledge, making your career skills deeper and giving you tools to provide value to your organization.
All of the course materials can be downloaded for each lesson. They are in pdf and Excel formats. You'll generally see them at the beginning of the course in the introduction section, Lesson 1, or scattered throughout the lessons as fitting the topic.
The information is taken from industry best practices and the experience of the instructor in working with power and utilities organizations across the United States and Canada.
The course number of CPE hours are shown in the course description. You'll receive a course completion certificate that also shows the number of CPE hours when you complete 100% of the course and take the course quiz. CPE hours are computed based on a 50 minute presentation hour.

Utility Accounting and Rates Specialists, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.

We welcome your questions anytime. Just email [email protected]. Thanks!
Instructor

Utility Accounting and Rates Specialists, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.

Course Accreditation, Requirements, and Refund and Cancellation Policy
Course #: AT-15

Program Level: Basic

Area of Study: Accounting-Technical

Delivery: QAS Self Study

Prerequisites: None

Advanced Preparation: None

CPE Credits: 1.00

Last Reviewed: 8.1.24

Access Period: 12 months

Exam Questions: 5

Passing Grade: 70%

Retakes: Unlimited

Refunds and cancellations: Requests for refunds must be made in writing within 30 days for purchasing the course. No refunds will be granted after the qualified assessment has been completed. For any concerns, please contact us at 608 628 4020 or at [email protected].