Chapter

FEI Detroit Hot Topic | "The Current State of Impairment Testing" | Sponsored by Stout | 3.20.19


Event Agenda
4:00pm – 5:00pm: Networking, Cocktails and Appetizers
5:00pm – 6:00pm: Presentation
6:00pm – 7:00pm: Questions, Networking Session, Cocktails and Appetizers

1 CPE Credit Offered

Impairment is an accounting concept and applies to goodwill, long-lived assets, and indefinite-lived assets. Impairment arises when the fair value of an asset is determined to be less than it’s carrying amount. Given the recent year-end capital market volatility, annual impairment testing was at the forefront for many reporting entities. When reporting entities disclose impairment, it is an indication that it overpaid for a past acquisition or the cost of an asset is less than its market value.

Learning Objectives:
  • How does goodwill originate? How do intangible assets get booked on thebalance sheet? Future impairment risk versus EPS impact balance. Quick primer on acquisition accounting.
  • Introduction to Impairment Testing: what is the order and process and how does it differ based on indefinite-lived versus long-lived assets versus goodwill.
  • Updates to Codification: Accounting Alternative and Step II Elimination.
  • Presentation of a “real world” example.

Space is Limited! Register Today!

Menu
Cocktails and Hors d’oeuvres
For dietary restrictions please contact Katie Schanne at [email protected]

Cost
Free to FEI Detroit Chapter Members, Prospective Members, Sponsors, and guests!

Event Sponsor
Stout_Logo.jpg

Location
Stout
150 W. Second Street, Suite 400 
Royal Oak, MI 48067
Map/Directions
Stout-Parking-Directions-Center-Street-Garage-page-001-(2).jpg

Speakers

Mr. Jasmeet S. Marwah

Managing Director
Stout

Cory J. Thompson

Managing Director
Stout

Credits

1.00 CPE
Basic

Method

group-live

Field

Accounting, Technical

Prerequisites

NONE

National Registry of CPE SponsorsFinancial Executives International (FEI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For FEI CPE credits, one credit hour equals 50 minutes according to NASBA guidelines. Some states boards may differ on how many minutes constitute a credit hour. Contact your state board for more information. For more information regarding administrative policies such as complaint and refund, please contact our offices at 973.765.1029.