Celebrating 25 years serving our friends and customers!
Goodwill Impairment BasicsCode: 23-GOOD1
Add to Cart
Course Details
23 pages
Course description and objectives:
This course provides a basic overview of goodwill impairment testing. The accounting and reporting requirements related to goodwillare prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 350-20. This course focuses on the subsequent measurement requirements including the accounting alternative allowed for certain eligible entities. This course also addresses briefly describes the disclosure requirements for goodwill and is current through the issuance of ASU 2019-06.
Course Objectives:
After reading the materials, participants will be able to:
- Recognize overall characteristics
of goodwill impairment testing
- Differentiate between
the qualitative and quantitative test of goodwill impairment
- Identify key
characteristics of the accounting alternative for goodwill
- Recognize the key
disclosure requirements for goodwill and goodwill
impairment losses
Presentation Method: QASSelf-Study
Category: Accounting
CPE credit: 1 Hour
Program Level: Update
Prerequisites: None
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase