Kentucky Society of Certified Public Accountants

Overview

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.

Prerequisites

None

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

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

SUS0182

1 CPE Credits

Accounting: 1 Credits

Registration

Member Price:

$29

Non-member Price:

$49