Webcast Replay: Maximizing Cash Flow from Long-Lived Asset Impairments

New legislation and continuing volatility in the financial markets and economy has left many companies facing increased pressures and scrutiny regarding asset values for financial reporting. In this environment, more and more companies are recognizing asset impairments, including those pursuant to SFAS 144-Accounting for the Impairment or Disposal of Long-Lived Assets. One unintended benefit of having conducted an SFAS 144 that results in a long-lived asset impairment is that it provides relevant support to obtain a reduction in a company's property tax liability. A long-lived asset impairment also presents opportunities to: sanitize the fixed asset record by examining whether such assets are properly classified and depreciated over their correct remaining useful lives, review building costs and identify shorter-lived assets embedded in the tax basis, and remove from the records assets that are non-existent or no longer in use. All of these activities can result in significant tax benefits and streamlined financial reporting going forward.

 

Duration is 1 hour

Key Content:
This webcast will provide participants with a brief overview of SFAS 144 and discuss some potential positive cash-flow benefits that may be generated through tax savings opportunities. During this webcast participants will:

  • Review SFAS 144 to understand under what circumstances they should be recognizing asset impairment and how to reconcile with current market values
  • Gain an understanding of why and how SFAS 144 can result in material property tax implications for affected assets
  • Learn how companies can plan to minimize or avoid an adverse result from a cash flow perspective
  • Identify potential property tax liability reduction benefits from financial reporting compliance exercises
  • Understand how a fixed asset reconciliation can create multiple benefits, including conformance for Sarbanes-Oxley 404 purposes and generation of tax savings
  • Learn about the benefits of incorporating a cost segregation study for building construction and acquisition costs to further uncover tax savings opportunities

Presented by:

  • Ross Prindle - Managing Director, Global Leader of the Real Estate and Fixed Asset Practice
  • Robert Herman - Managing Director, National Leader of the Property Tax Practice
  • Mark Simzyk - Director, Property Tax Practice
  • Matthew Jaimes - Director, National Leader of the Cost Segregation Practice

Who should view this webcast replay?
CFOs, Controllers, Tax Directors, VPs of Tax, Real Estate Directors, Finance Directors, Fixed Asset Managers, and Heads of Financial Reporting

2009-04-29T00:00:00.0000000 /insights/webcasts-and-videos/maximizing-cash-flow-from-long-lived-asset-impairments webcast {B062D54C-1425-4A04-8F9F-95EA14068E6D} {2746A2DD-363F-4E48-8914-B4F0BDEA669C} {EED92FF0-A8DB-47AB-AB7B-47F329F63E29}

Contact Us

Contact Us

Related Services

Duff & Phelps Valuation Advisory Services

Valuation Advisory

Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes.

Valuation Advisory
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Tax Services

Property tax, site selection, transfer pricing, sales and use tax and unclaimed property advisory.

Tax Services
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Property Tax Services

Property tax management and minimization services and strategies.

Property Tax Services

Insights