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Who’s looking at impairment?

$225.00

SKU: CLRon122. Category: .

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Abstract: When the Financial Accounting Standards Board relaxed its annual impairment testing requirements, some private firms mistakenly thought they were no longer required to test or report impairment. Not true. Impairment testing is alive and well. And many more borrowers could face impairment losses as the economy continues to limp along. This article describes the quantitative testing that’s required and the qualitative pretesting that’s allowed, and lists several factors to consider when deciding whether to formally test for impairment. A sidebar notes the impact of write-offs on financial statements.

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