Accounting for the impairment of long-lived assets: A review and update

Accounting for the impairment of long-lived assets: A review and update

Recent marks by SEC Chairman Arthur Levitt and Chief Accountant Lynn Turner have put new attention on certain provisions of SFAS No. 121. In light of the SEC concerns, the authors review and update the issue of asset impairment for readers. The authors also present the results of their review of not...

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Veröffentlicht in:The Journal of corporate accounting & finance 1999-03, Vol.10 (3), p.89-99
Hauptverfasser: Hurtt, David N., Kreuze, Jerry G., Langsam, Sheldon A.
Format: Artikel
Sprache:eng
Schlagworte:
Accounting
Cash flow forecasting
Disclosure
Estimates
Fair market value
Fair value
FASB statements
Financial accounting standards
Financial reporting
Impaired assets
Investigations
Provisions
SFAS 121
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Zusammenfassung:Recent marks by SEC Chairman Arthur Levitt and Chief Accountant Lynn Turner have put new attention on certain provisions of SFAS No. 121. In light of the SEC concerns, the authors review and update the issue of asset impairment for readers. The authors also present the results of their review of note disclosures for 48 Fortune 500 firms. © 1999 John Wiley & Sons, Inc.
ISSN:1044-8136
1097-0053
DOI:10.1002/(SICI)1097-0053(199921)10:3<89::AID-JCAF9>3.0.CO;2-J