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Asset Impairment

Asset Impairment: Special Considerations
  • posted by: FinAcco
Many parts of impairment test are based on the concept of fair value. Fair value standard is used as part of impairment testing of PP&E, intangible asset subject to amortization, goodwill and other indefinite-lived intangible assets.
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WHAT IS GOODWILL?

What is Goodwill?
  • posted by: FinAcco
In our opinion, FASB’s analysis of goodwill provided in Basis for Conclusion of FAS 141, Business Combinations provides well-structured and cohesive conceptual understanding of goodwill. This understanding can be used in addressing practical valuation and accounting questions related to transactions with businesses.
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Is ChatGPT taking over valuation?
  • posted by: FinAcco
The purpose of this publication is to assess ChatGPT’s ability to access certain valuation information, answer specific valuation questions.
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Backsolve Valuation Method
  • posted by: FinAcco
The main idea behind the Backsolve method is to use recent transaction price for one of the classes of shares, Black-Scholes option pricing model and other additional information that can be derived from company’s capital structure to determine estimated fair value (FV) of equity.
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Estimating Borrowing Rates
  • posted by: FinAcco
Pre-tax cost of debt is used in financial reporting in accounting for leases and application of effective interest rate method in accounting for debt.
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Confusion About Fair Values
  • posted by: FinAcco
Use of fair market value standard of value in current valuation practices causes confusion and results in additional unnecessary work.
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Customer Asset Protection
  • posted by: FinAcco
Custodial or asset protection relations became a more prominent topic in light of recent scandals involving crypto exchanges and how they safeguard (or should safeguard) customer’s assets.
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Contingent Payment Contracts
  • posted by: FinAcco
Contingent payment contract is a legally binding agreement between parties where one's settlement is dependent on a future uncertain event.
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