PODCAST

FRV podcast: Impairment Top 10

Important year-end reporting considerations for nonfinancial asset impairment.

Karen Silverman

Karen Silverman

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-1377

Frederik Bort

Frederik Bort

Managing Director, Dept. of Professional Practice, KPMG US

+1 212-954-2980

Julie Santoro

Julie Santoro

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-1086

Podcast overview

Professionals from our Department of Professional Practice discuss the considerations that should be top-of-mind when determining if and how to test nonfinancial assets for impairment.

Applicability

  • All entities with nonfinancial assets

Relevant dates

  • Effective immediately

Podcast contents

  • 01:00 - Background on impairment
  • 02:10 - When to test
  • 04:45 - Goodwill
  • 15:20 - Long-lived assets
  • 19:55 - Disclosures
  • 21:00 - Suggestions
  • 21:35 - FASB relief for private companies