Purchase Course

Impairment of Goodwill   

0.5

Total CPE
Tuition
$60.00
Approximate Length
00:30:00
Course Number
20-WB-215A
0.5

Total CPE
Tuition
$60.00
Approximate Length
00:30:00
Course Number
20-WB-215A

Course Details

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:

  • determine an entity’s reporting unit, which is the level at which goodwill is tested for impairment
  • recall how to apply the steps for goodwill impairment testing under ASC 350-20
  • recognize the changes to goodwill impairment testing when ASU 2017-04 becomes effective
  • calculate goodwill impairment in accordance with ASC 35-20 and ASU 2017-04
  • identify the presentation and disclosure requirements related to the impairment of goodwill.

 

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

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is not mobile-compatible.


Level of Knowledge: Basic
Field of Study: Accounting - .5
Delivery Method: Web Based Self Study

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:

  • determine an entity’s reporting unit, which is the level at which goodwill is tested for impairment
  • recall how to apply the steps for goodwill impairment testing under ASC 350-20
  • recognize the changes to goodwill impairment testing when ASU 2017-04 becomes effective
  • calculate goodwill impairment in accordance with ASC 35-20 and ASU 2017-04
  • identify the presentation and disclosure requirements related to the impairment of goodwill.

 

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

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is not mobile-compatible.


Level of Knowledge: Basic
Field of Study: Accounting - .5
Delivery Method: Web Based Self Study