PODCAST

FRV podcast: Impairment Top 10

Important year-end reporting considerations for nonfinancial asset impairment.

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24:12

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Karen Silverman

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-1377

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Frederik Bort

Managing Director, Dept. of Professional Practice, KPMG US

+1 212-954-2980

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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

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