Asset Impairment Testing

We’re a market leader of valuation services, supporting clients with the goodwill, intangible and long-lived asset impairment testing

Home > Valuation Advisory > Asset Impairment Testing

Deep Experience in Fair Value Determination and Recoverability Assessment

Changing tax and financial reporting regulations require an objective and independent assessment of value, as well as testing assets for impairment on annual basis. Regulatory bodies – such as, the U.S. Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), International Accounting Standards Board (IAS), etc. – establish a variety of implementation guidance and new financial reporting rules with asset valuation implications, while the Internal Revenue Service (IRS) and other global tax authorities impose new reporting rules with tax valuation implications, transfer pricing and related work.

 

As a market provider of valuation services, CPCON has more than 25 valuation practitioners, who routinely assist clients with the fair value measurement and impairment testing of long-lived assets.

Asset Impairment Testing

ASC 360, Impairment of Long-Lived Assets

ASC 360 suggests that the recoverability of long-lived assets – which includes property, plant and equipment and finite-lived intangible assets – to be individually assessed and determined by comparing the identifiable cash flows over the economic life of assets. If assets are determined as being not recoverable, the difference between the carrying amount and fair value of the asset shall be recognized as a loss for impairment.

IFRS IAS 36, Impairment of Assets

IAS 36 requires testing assets for impairment on either on annual basis or whenever existing indications of impairment. In addition, Goodwill impairment involves goodwill being tested at a Cash Generating Unit (CGU) and compare the carrying value of the CGU to its recoverable amount – which is either the value in use or Fair Value less costs of disposal

Asset Impairment Testing

Our asset impairment testing services include:

  • Fair value determination using appropriate valuation methods to assist management with the allocation of impairment loss
  • Identification of ASC 360 asset groups
  • IAS 36, Allocation of goodwill to Cash Generating Units (CGUs)
  • IAS 36, Measurement of the value in use or Fair Value less costs of disposal
  • Analysis of IAS 36 Impairment Testing requirements and implications
  • IAS 36 – Useful life studies

Related Professionals

Asset Impairment Testing

Ethan Markland

MANAGING DIRECTOR
FIXED ASSET ADVISORY
Office: +1-347-706-3302, dial 9
Asset Impairment Testing

Gustavo Zumel

MANAGING DIRECTOR
FIXED ASSET ADVISORY – NORTH AMERICAN REGION
Office: +1-347-706-3302, dial 10
Asset Impairment Testing

Tiago Jeveaux

MANAGING DIRECTOR
FIXED ASSET ADVISORY – NORTH AMERICAN REGION
Office: +1-347-706-3302, dial 2
Asset Impairment Testing

Wendell Jeveaux

CEO / PRESIDENT
FIXED ASSET ADVISORY - GLOBAL REGION
Office: +1 (347) 554-2629
Who We Do

Our Experience

IFRS 16 - LEASING

IFRS 16 – Leases

Leases are fundamental for a company and legal entity as they deal with leases. Therefore, get to know IFRS 16 – Leasing and its information.

Read More »

About Us

CPCON Group is a global leader in fixed asset advisory services, providing our clients with accurate data and automated tools needed for fixed asset management.

As a trusted partner in the area of fixed asset management to organizations for more than 25 years, CPCON provides endto-end fixed asset management solutions. Empowering clients to gain insights, manage risk and drive improved financial
reporting.

2,000+

Active CPCON Fixed Assets clients.

Global leader

of fixed asset advisory
solutions and technology-enable
expert services.

Asset Impairment Testing

Subscribe to CPCON Reports

Sign up to our newsletter and receive periodic news, event invitations and market reports. Here is our privacy policy for your reference