Kentucky Society of Certified Public Accountants

Overview

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.

Prerequisites

None

Objectives

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

Highlights

Initial recognition of goodwill
Subsequent measurement requirements including the accounting alternative allowed for certain eligible entities
Disclosure requirements for goodwill

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:

SUS0183

2 CPE Credits

Accounting: 2 Credits

Registration

Member Price:

$49

Non-member Price:

$69