Goodwill Impairment Testing

This course provides an 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 topics such as the initial recognition of goodwill and subsequent measurement requirements including the accounting alternative allowed for certain eligible entities.  This course also addresses the disclosure requirements for goodwill and is current through the issuance of ASU 2019-06.  

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify the recognition requirements related to goodwill

·       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

·       List the key disclosure requirements for goodwill and goodwill impairment losses

Revision Date: 1/14/2023

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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