Trigger Warning: Non-Financial Asset Impairments

Accounting Matters

PPE, right-of-use assets, intangibles, goodwill – we could go on but you get the idea. The vocabulary behind non-financial asset impairments is almost as expansive as the topic itself. So where do you even begin accounting for all it? And how? That’s the focus of this episode of Accounting Matters, where hosts Adam Olsen and Sarah Cage Richter are once again joined by fellow Embarker Jason Larkin to answer critical questions like:

• What is a non-financial asset?
• Which impairment models do you use? And when?
• What’s a triggering event or a recoverability test?
• How do you account for non-financial asset impairments?

For more information on non-financial asset impairments:

• Accounting for Long-Lived Asset Impairment: Testing, Examples & More
• ASC 350, Intangibles—Goodwill and Other
• ASC 360, Property, Plant, and Equipment

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