What You'll Learn!
2. Learning objectives
3. Drivers of impairments
4. The basic rule for impairments
2. Impact of an impairment
3. Impairments are permanent
2. Impairment example - Notes to the Financial Statements
3. Key takeaways
2. Triggering events
2. The 2-step impairment test
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
2. Certificate of completion and course evaluation
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Frequently Asked Questions
Course Accreditation, Requirements, and Refund and Cancellation Policy
Program Level: Basic
Area of Study: Accounting-Technical
Delivery: QAS Self Study
Prerequisites: None
Advanced Preparation: None
CPE Credits: 0.50
Last Reviewed: 8.1.24
Access Period: 12 months
Exam Questions: 5
Passing Grade: 70%
Retakes: Unlimited