Apr 7, 2020 · This post explores the requirements for assessing impairment of nonfinancial assets (ASC 350/ASC 360) when a triggering event is identified.

Jan 17, 2017 · ASC 360 governs the accounting for long-lived assets, which are required to be evaluated for impairment. And anytime you are dealing with impairment, you know it will involve …

Accounting for impairment of nonfinancial assets? Explore our topic page on ASC 350/360 and IAS 36 for invaluable resources.

ASC 350 and 360: Impairment Description In times of economic disruption, impairment rears its ugly head and becomes a financial reporting issue impacting all entities, in all industries. Do you need …

After discussing the scope of the impairment guidance and the concept of asset groups, this CPE eligible (1.5 CPE) eLearning course walks you through the "trigger-based" impairment test found …

May 6, 2025 · This post explores the accounting for land easements under U.S. GAAP, including the requirements in ASC 842, Leases.

May 17, 2022 · Blog posts by GAAP Dynamics dealing with the issue of impairment for both financial instruments and non-financial assets in accordance with U.S. GAAP and IFRS.

How is impairment of long-lived assets accounted for under ASC 360? This post discusses the various requirements.

Jun 24, 2025 · Learn about goodwill impairment testing and why it is essential for maintaining accurate financial statements under ASC 350-20.

This post explores the requirements for assessing impairment of nonfinancial assets (ASC 350/ASC 360) when a triggering event is identified.