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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 21 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 0 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1708 |
| Description : | 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.
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| Usage Rank : | 0 |
| Release : | 2021 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
When and why does goodwill impairment occur?
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 12-Dec-2022 |
| 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. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1708 |
| Keywords : | Accounting, Goodwill, Impairment, Testing, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives
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| Course Contents : | Chapter 1 - Goodwill Impairment Testing Course Learning Objectives Course Overview Introduction Business Combination Refresher Initial Recognition of Goodwill Overall Accounting for Goodwill Impairment Testing Requirements Qualitative vs. Quantitative 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 Real World Examples of Goodwill Disclosures Review Questions Glossary of Key Terms |
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