Catalogue

Description

This course will be an overview of:

• Understanding the definition of a business and when a set of activities may be either a business or may be assets.
• When to test assets for impairment losses and how to measure and recognize an impairment loss for the different forms of assets held by an entity.
• Accounting and financial reporting for different forms of exit and disposal cost obligations and activities.

After completing this course, the learner should be able to:

• Distinguish the differences between the acquisition (or disposition) of a business versus an asset.
• Highlight the accounting and reporting requirements for impairment losses on long-lived assets, intangible assets, goodwill and investments that may be associated with a business restructuring.
• Review the accounting and reporting requirements for exit and disposal activities associated with a business restructuring.