Goodwill Impairment Essentials

Manage goodwill effectively after an acquisition by understanding its ongoing reporting requirements. This course explains what goodwill represents and how to conduct impairment testing at required intervals. Evaluate whether amortization applies and determine the proper accounting treatment in different circumstances. Review related financial statement disclosure requirements and apply them accurately. Develop a structured approach to monitoring and reporting goodwill in accordance with current standards.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: AC1152

Learning Objectives
  • 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.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: March 2026
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.