Assessing impairments

January 2009
  • Print-friendly version
2009 Guide to tax and financial planning

At a glance

PwC Private Company Services guide to testing of impairments of long-lived and indefinite-lived assets, including goodwill

A guide to testing of impairments of long-lived and indefinite-lived assets, including goodwill

Volatile financial markets and a global economic slowdown can trigger a broad range of financial reporting issues. These and other recent indicators, such as ongoing and forecast operating losses and downsizing efforts, have led many companies to focus greater attention on asset values and whether there might be associated impairment charges.

Understanding what to expect and thinking about how to address the accounting and valuation issues will enable companies to plan ahead, seek accounting and valuation assistance when needed, and potentially avoid costly, last-minute surprises.