Financial Reporting Issues

Non-Financial Asset Impairments Topics 350 and 360

This course will teach students how to deal with nonfinancial asset impairments, specifically as relates to goodwill and impairments for property, plant, and equipment. Students will learn how to measure and recognize nonfinancial impairment issues and be able to manage accounting outcomes of this type of impairment. Quantitative and qualitative approaches to goodwill impairment will be analyzed. Students will be made aware of significant accounting and disclosure issues, especially in circumstances of recession or an economic downturn.

Learning Objectives:

  • Determine how to apply the FASB Codification guidance to measurement and recognition of non-financial impairment issues.
  • Identify the accounting outcomes associated with non-financial impairment recognition.
  • Recognize the appropriate accounting and disclosure requirements of goodwill and property, plant and equipment.

Prerequisites/Advanced Preparation:


Speaker / Author:

John M. Fleming, CPA/MBA, licensed as a CPA in Pennsylvania, has served as the Director of Content Development for Kaplan Financial Education, powered by SmartPros, and also as President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute. John retired on October 1, 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education, powered by Loscalzo Institute, on a part-time basis.

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 served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). 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.


Price (USD)

Standard: $24.95


Course Code : 99FLE56

Release Date : 08/13/2021
Expire Date : 08/31/2023
Credits :
CPE 1.00
QAS 1.00

Length : 50min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Financial Reporting Issues

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