Impairment: Goodwill
This course is part of a collection. Learn more & save more.
Description
Goodwill arises in a business combination and represents the difference between the purchase price and the fair value of the net assets acquired. Under U.S. GAAP, goodwill is not amortized; therefore, it is required to be tested for impairment on an annual basis at the reporting unit level in accordance with ASC 350. In this CPE-eligible, eLearning course (1.0 CPE) we discuss how to identify a reporting unit and the process for allocating goodwill amongst the various reporting units. Once this allocation is done, we dive into the requirements for testing goodwill for impairment. With over $3.5 trillion of goodwill sitting on corporate balance sheets, this online course is a must for any accounting responsible for financial reporting or auditing U.S. GAAP financial statements!
This is the second course in our 2-part impairment training series.
This course is included in the following collections:
Learning Objectives
By the end of this course, you should be able to:
- Identify the level at which goodwill is tested for impairment
- Recognize ASC 350-20 requirements for the goodwill impairment testing process
Additional Information
| Last Updated | 11/01/2024 |
|---|---|
| CPE Credit | 1.0 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
Get this course and everything else in our All-Access Subscription!
Bundle
& SAVE!
Empower your team with our bundled training packages
Our tiered packages for groups of 25 or more include over 200 hours of CPE-qualified training.