This course provides a basic overview of goodwill impairment testing. The accounting and reporting requirements related to goodwill are 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.
Learning Objectives
Upon completion of this course, you 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
Major Topics
Overall Accounting for Goodwill
Qualitative vs. Quantitative
Performing the Qualitative Test
Performing the Quantitative Test
Income Tax Considerations
Goodwill Impairment Accounting Alternative
Goodwill Disclosures for Public Entities
Goodwill Disclosures for Accounting Alternative
