Description
This course provides a basic overview of goodwill impairment testing. The accounting and reporting requirements related to goodwill are prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 350-20. This course focuses on the subsequent measurement requirements including the accounting alternative allowed for certain eligible entities. This course also addresses briefly describes the disclosure requirements for goodwill and is current through the issuance of ASU 2019-06.
Type = Download
Type = Download
Designed For
Accounting professionals seeking an introduction to goodwill impairment testing and the related FASB requirements
Objectives
- Recognize overall characteristics of goodwill impairment testing
- Differentiate between the qualitative and quantitative test of goodwill impairment
- Identify key characteristics of the accounting alternative for goodwill
- Recognize the key disclosure requirements for goodwill and goodwill impairment losses
Highlights
- Goodwill impairment testing
- FASB accounting and reporting requirements related to goodwill
- ASC Topic 350-20
- Goodwill disclosure requirements
Advanced Prep
None