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Course Details

Goodwill Impairment - An Essential Guide (Course Id 2529)

QAS / Registry
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Author:

Kelen Camehl, CPA, MBA

Course Length:

Pages: 30 ||| Word Count: 13,030 ||| Review Questions: 6 ||| Final Exam Questions: 10

CPE Credits:

2.0

IRS Credits:

0

Price:

$17.95

Passing Score:

70%

Course Type:

Text
Goodwill Impairment - An Essential Guide - CPE course for CPAs

Technical Designation:

Technical

Field Of Study:

Accounting

Approved Audience:

NASBA QAS - NASBA Registry

Key Takeaways:

This course provides an essential guide to goodwill impairment testing, covering initial recognition, subsequent measurement, and available accounting alternatives.

  • Covers the initial recognition of goodwill and subsequent measurement requirements.
  • Explains the accounting alternative allowed for certain eligible entities when testing goodwill for impairment.
  • Reviews qualitative and quantitative impairment testing approaches alongside disclosure requirements.
  • Worth 2.0 CPE credits in Accounting as a self study text course on goodwill impairment, requiring a 10 question final exam preceded by 6 review questions and a 70% passing score.

Frequently Asked Questions:

The Goodwill Impairment course differentiates between the qualitative and quantitative test of goodwill impairment.

This course identifies key characteristics of the accounting alternative for goodwill.

This course recognizes the key disclosure requirements for goodwill and impairment losses.

Goodwill Impairment An Essential Guide is a Technical, self study text course in Accounting worth 2.0 CPE credits, requiring a 10 question final exam preceded by 6 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

Description:

This course provides an overview of goodwill impairment testing.  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.   

Usage Rank:

22500

Release:

2025

Version:

1.0

Prerequisites:

None.

Experience Level:

Overview

Additional Contents:

Complete, no additional material needed.

Additional Links:

Advance Preparation:

None.

Delivery Method:

QAS Self Study

Intended Participants:

Anyone needing Continuing Professional Education (CPE).

Revision Date:

09-Apr-2025

NASBA Course Declaration:

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Keywords:

Goodwill Impairment - An Essential Guide - CPE course for CPAs

Learning Objectives:

Course 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
  • Recognize the key disclosure requirements for goodwill and goodwill impairment losses

Course Contents:

Chapter 1 - Goodwill Impairment - An Essential Guide

Course Learning Objectives

Course Overview

Introduction

Business Combination Refresher

Initial Recognition of Goodwill

Overall Accounting for Goodwill

Impairment Testing Requirements

Qualitative Test vs. Quantitative Test

Review Questions

Performing the Qualitative Test

Performing the Quantitative Test

Income Tax Considerations

Goodwill Impairment Accounting Alternative

Goodwill Disclosures for Public Entities

Goodwill Disclosures for Accounting Alternative

Conclusion

Review Questions

Glossary of Key Terms

Click to go to: Accounting CPE Courses | Online Accounting Courses for CPAs
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