Many organizations have recorded goodwill on their books as the result of acquisitions. This asset must be monitored and tested for impairment at regular intervals. In the Goodwill Impairment Essentials course, we cover every aspect of what goodwill is, how impairment testing is conducted, and whether goodwill amortization can be used. We also note the financial statement disclosure requirements for goodwill impairment.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the criteria for identifying reporting units and business segments.
Describe the events or circumstances indicating the presence of goodwill impairment.
Recognize the timing of goodwill impairment testing.
Specify the criteria for when goodwill amortization is allowed, and how it is conducted.
Describe the disclosures for goodwill impairment.
Major Topics
The Nature of Goodwill
The Nature of Goodwill Impairment
The Nature of a Reporting Unit
Overview of Goodwill Impairment Accounting
