Financial Executives International: The world of corporate finance.

We welcome your participation in this survey on the impairment of goodwill and other assets during 2008, 2009 and 2010.

All responses are confidential and participants will remain anonymous.

The survey should take no more than 5 minutes to complete. If a question does not apply to your company, or asks for information that you do not have, please skip it. If you have any questions about the survey, please call Bill Sinnett, FERF Director of Research, at 973-765-1004.

Thank you

1 ) What is your company´s industry?

2 ) What is the revenue for your company?

3 ) In what month do you do your annual impairment testing?

4 ) During 2009 or 2010, did you perform an interim goodwill impairment test?
: yes
: no
: n/a

5 ) If you answered Yes to question #4, what was the nature of the triggering event?

6 ) How many reporting units do you have?

7 ) In the most recent impairment test, which valuation techniques were applied when estimating the fair value of reporting units?

8 ) Do you use a valuation consultant?
: yes
: no
: n/a

9 ) If a reconciliation to market capitalization (equity) was performed, which of these were considered? (To the extent that you concluded the market capitalization on the testing date was not appropriate.) (select all that apply)
: Historical market capitalization levels
: Estimates of future share prices from analysts
: Recent share price trends from comparable companies and for the company as a whole

10 ) Did the reconciliation to the current market capitalization play a significant role in the impairment assessment?
: yes
: no
: n/a

11 ) Do you anticipate additional goodwill or other asset impairments during an upcoming interim or annual test?
: yes
: no
: n/a

12 ) Was the Step 1 test of the goodwill impairment test performed by comparing the fair value of the Equity or Enterprise Value to their respective carrying amounts?

13 ) To the extent that a reconciliation to the market capitalization was performed, was the fair value or book value of debt used in the reconciliation?

14 ) If the fair value of debt was used, how was it estimated? (select all that apply)
: Based on the current market value (if traded)
: By considering the debt covenants and other factors, assuming the reporting unit is sold
: By discounting future interest payments and principal at current market yields

15 ) If control premiums were considered in the analysis, which approach was used?

16 ) In preparing the expected cash flow projections, did you consider distress scenarios (e.g., such as liquidation)?
: yes
: no
: n/a

17 ) Has your company recognized goodwill or other asset impairments in 2008, 2009 or 2010?
: yes
: no
: n/a

If yes, please proceed to Question 18. Otherwise, proceed to Question 27.

18 ) When did you recognize the impairment? (select all that apply)
: 2008
: 2009
: 2010

19 ) What types of assets did you impair? (select all that apply)
: Goodwill
: Long-lived assets
: Indefinite lived assets
: Financial assets

20 ) What was the reason for the most recent impairment?

21 ) If goodwill was impaired, what was the percentage write-down?

22 ) If assets other than goodwill were impaired, what was the percentage write-down?

23 ) Did the impairment have an effect on your company´s stock price?

24 ) Was the impairment taken pre or post the implementation of ASC Topic 820 (formerly FAS 141R)?

25 ) Did the provisions under ASC Topic 820 (formerly FAS 141R) impact your Step II Test?
: yes
: no
: n/a

26 ) What was the biggest challenge you faced in the most recent impairment?

27 ) What suggestions do you have for improving this survey?

28 ) What is your e-mail address (optional)?

[ survey closed ]