Sponsored by Stout

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 the balance 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!

Event Agenda:

4:00 p.m. – 5:00 p.m.: Networking, Cocktails and Appetizers
5:00 p.m. – 6:00 p.m.: Presentation
6:00 p.m. – 7:00 p.m.: Questions, Networking Session, Cocktails and Appetizers

Speakers:

Jasmeet Marwah, Director, Stout
Cory Thompson, Managing Director, Stout

1 CPE Credit Offered

Location:

Stout
150 W. Second Street, Suite 400
Royal Oak, MI 48067

Map/Directions

Parking Information:

Center Street Garage: Parking is free for the first 2 hours. Stout will validate parking for anything over 2 hours.

Menu:

Cocktails and Hors d’oeuvres
For dietary restrictions please contact Katie Schanne at detroitfei@gmail.com

Cost:

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

FEI

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