SFAS中第144号关于资产减值实施效果的实证分析.doc

Implementing the impairment of assets requirements of SFAS No .144 An empirical analysis (Alan Reinstein, School of Business Administration, Wayne State University, Detroit, Michigan, USA, and Gerald H. Lander, College of Business, University of South Florida, St Petersburg, Florida, USA) In 2001, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards (SFAS) No. 144, Accounting for the Impairment or Disposal of Long-lived Assets (FASB, 2001). Superseding the provisions of SFAS No.121, Accounting for Long Lived Assets and for Long Lived Assets to be disposed of, SFAS No. 144 affects the measurement of all long-lived assets held for use or future disposal, including lessees capital leases, lessors assets subject to operating leases, long-term prepaid assets and amortizable intangibles. Its provisions also affect such other assets and liabilities as accounts receivable and inventory. SFAS No.144 defines an asset group as the lowest level whose identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities, e.g. a specific production process. Similarly, a disposal group represents a set of long-lived assets expected to be disposed of by sale or otherwise, focusing on assets and liabilities forming part of a single transaction. SFAS No. 144 does not apply to goodwill, indefinite life intangible assets, financial instruments (including investments in equity securities accounted for under the cost or equity method), deferred policy acquisition costs or deferred tax assets. However, while the scope of SFAS 144 excludes the impairment of goodwill or other intangible assets, SFAS No. 142, Goodwill and Other Intangible Assets, issued in 2001, addresses the impairment of goodwill and non-amortized intangible assets. SFAS No. 144 classifies long-lived assets into three distinctive categories: (1) Held and used. (2) Disposed of other than by sale. (3) Disposed of by sale. Long-lived assets to be he