Accounting Foundations: Asset Impairment
Accounting Foundations: Asset Impairment is an Advanced level tutorial on Business, created by the creator, Kay Stice. This tutorial is a critical base for an individual who needs to excel in his/her Business expertise. It gives you a strong understanding on Business, Accounting, Finance, Business, Accounting and Finance.
Goodwill, accounts receivable, and other long-term assets often have a market value that is less than the book value, or cost, of the asset. In this course, you can learn how to account for this on the balance sheet through asset impairment. Working with impaired assets also requires understanding how to value those assets from year to year and audit the reported value. This course covers all the aspects of identifying, reporting, and auditing the acquisition, depreciation, and impairment of tangible and intangible assets. Plus, learn about the option for upward revaluation—write-up—available under the International Financial Reporting Standards rules.
- Recording purchases of tangible assets
- Recording acquisitions of intangible assets
- Depreciation and amortization
- Impairment of tangible and intangible assets
- Impairment of goodwill
- Writing assets up