Goodwill Impairment Essentials
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.
Format
PDF Course
Level
Overview
Duration
1 Hour
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 2024
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.