Accounting Foundations: Asset Impairment

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.

Free Download - Accounting Foundations: Asset Impairment
Author Kay Stice
Publish Date 3/4/2020
Skill Advanced
Duration 1h 29m
Topic Accounting
Video Tutorials 24
Last Update N/A

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.

Topics include:

  • 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

Accounting Foundations: Asset Impairment : Video Lessons

  • How impaired assets impact the balance sheet1m 5s
  • Recording the purchase of a sports franchise4m 16s
  • A basic purchase4m 48s
  • A basket purchase3m 55s
  • Acquiring an entire business4m 20s
  • The old Blockbuster Video case4m 37s
  • Straight-line depreciation and book value3m 8s
  • Accelerated depreciation and income taxes4m 18s
  • Difference between depreciation and amortization4m 28s
  • Rio Tinto buys a coal mine in Mozambique3m 46s
  • The strange tangible asset impairment test in US GAAP4m 21s
  • Practice with tangible asset impairment computations4m 38s
  • A big bath: Strategic reporting of impairment losses3m 40s
  • Why did Microsoft buy Nokia?2m 57s
  • Intangible asset impairment test for finite-lived intangibles4m 34s
  • Intuitive impairment test for infinite-lived intangibles4m 27s
  • The ill-fated AOL-Time Warner merger3m 10s
  • The new goodwill impairment rule4m 21s
  • The old and costly goodwill impairment rule4m 5s
  • Case study in goodwill impairment: HP and Autonomy2m 21s
  • Does Coca-Cola have more cash or more fixed assets?3m 37s
  • The upward revaluation option under International Financial Reporting Standards (IFRS)4m 31s
  • What will we report in the future, cost or fair value?3m 47s

Recommended video tutorials from YouTube.

  • Impairment of assets in AS 28 explained with example | May 2020
  • This video explains the impairment of assets in accounting standards 28 with examples. This Video is for students of CA Inter New Syllabus, CA IPCC Old ...

  • DateTime : 2018-03-04 10:51:22
  • Source : IndigoLearn
  • Impairment of Fixed Assets – What is Impairment?
  • Impairment is used to denote a significant reduction in the fair value of an asset below the carrying amount. Carrying amount means the amount which is ...

  • DateTime : 2017-11-12 09:13:07
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  • Agenda Decisions—'Curing of a credit-impaired financial asset' (IFRS 9)
  • Technical Staff members Angie Ah Kun and Elizabeth Figgie summarise the IFRS Interpretations Committee's discussion and explain the conclusion it reached.

  • DateTime : 2019-07-22 10:03:18
  • Source : IFRS Foundation
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