This course provides an overview of accounting for goodwill and the requirements outlined in ASC Subtopic 350-20. Such requirements relate to identifying reporting units and allocating goodwill to those reporting units and testing goodwill for impairment. This course also includes the upcoming changes to the goodwill impairment test and presentation and disclosure requirements. It is very important to be familiar with the requirements around testing goodwill for impairment because a significant amount of estimation and judgment is required.
By the end of this course, participants should be able to:
DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
For technical and/or regulatory updates, please subscribe to Financial Reporting View for the latest insights.
Keywords: Impairment, Goodwill, ASC 350-20, Accounting
NASBA Delivery Type: Self-Study
Advance Preparation: There is no advance preparation for this course.
This course is not mobile-compatible.
This course provides an overview of accounting for goodwill and the requirements outlined in ASC Subtopic 350-20. Such requirements relate to identifying reporting units and allocating goodwill to those reporting units and testing goodwill for impairment. This course also includes the upcoming changes to the goodwill impairment test and presentation and disclosure requirements. It is very important to be familiar with the requirements around testing goodwill for impairment because a significant amount of estimation and judgment is required.
By the end of this course, participants should be able to:
DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
For technical and/or regulatory updates, please subscribe to Financial Reporting View for the latest insights.
Keywords: Impairment, Goodwill, ASC 350-20, Accounting
NASBA Delivery Type: Self-Study
Advance Preparation: There is no advance preparation for this course.
This course is not mobile-compatible.