5. Impairment Testing

  1. Alfred M. King

Published Online: 20 DEC 2011

DOI: 10.1002/9781118269107.ch5

Internal Control of Fixed Assets: A Controller and Auditor's Guide

Internal Control of Fixed Assets: A Controller and Auditor's Guide

How to Cite

King, A. M. (2011) Impairment Testing, in Internal Control of Fixed Assets: A Controller and Auditor's Guide, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118269107.ch5

Publication History

  1. Published Online: 20 DEC 2011
  2. Published Print: 21 FEB 2011

ISBN Information

Print ISBN: 9780470539408

Online ISBN: 9781118269107

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Keywords:

  • generally accepted auditing standards;
  • impairment charges;
  • internal control;
  • creditors and investors;
  • securities and exchange commission

Summary

This chapter contains sections titled:

  • Testing Intangible Assets That Are Not Amortized

  • Testing for Impairment of Property, Plant, and Equipment, and Amortizable Intangibles

  • Reviewing Lives for Assets Already in Service

  • Testing for Goodwill

  • Reporting Units

  • Determining the Fair Value of a Reporting Unit

  • Phase II Test of Accounting Standards Codification 350

  • Understanding Impairment Charges

  • Summary

  • Note