Financial Accounting Issues

Accounting Impairment Issues v2.0

This course addresses four different impairment topics to include tangible asset impairments, goodwill impairments, impaired loans, and financial asset impairments. This includes a discussion of the respective requirements outlined within various FASB ASC topics. Finally, this course includes numeric examples, sample journal entries, and a discussion of required disclosures with respect to impairments.

"Important: This course was previously titled as "Accounting Impairment Issues (Updated)" Please be aware that the content or course code has not changed."

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize background information related to the issues of accounting impairments.
  • Determine how to apply the FASB Codification guidance to measurement and recognition of impairment issues.
  • Identify the accounting outcomes associated with impairment recognition.
  • Differentiate between tangible and intangible assets.
  • Recognize the appropriate accounting requirements of goodwill.

Prerequisites/Advanced Preparation:


Speaker / Author:

John M. Fleming, CPA, MBA, is currently the Director, Content Development for SmartPros LTD, a division of Kaplan Professional Education. SmartPros is an international educational and training company specializing in accounting, finance and ethics educational programs. John previously served as President and Director of Accounting and Auditing for LOSCALZO ASSOCIATES, a division of SmartPros for twenty-eight years. John retired as President of Loscalzo Associates on January 1, 2014.

John’s prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John, a Pennsylvania CPA, served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA) and currently serves as a member of the Institute’s Accounting and Auditing Technical Committee. In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association’s Mid-Atlantic Region.

John and his wife Marge live in Medford, New Jersey.


Price (USD)

Standard: $49.90


Course Code : 99FLE01-v3

Release Date : 07/06/2017
Expire Date : 12/31/2021
Credits :
CPE 2.00
QAS 2.00

Course Level : Basic
Course Type : QAS Self-Study
Length : 1hr 40min
Passing Grade : 70%
Field Of Study : Accounting
Theme : Financial Accounting Issues

Format Type : eLearning
Mobile Compatible

Returning Subscribers

- OR -