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1 CPE

Surgent's Goodwill Impairment Basics

This is a text-based course

Text
1 CPE

This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.

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.

Learning 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

Major Topics

  • Goodwill impairment testing
  • FASB accounting and reporting requirements related to goodwill
  • ASC Topic 350-20
  • Goodwill disclosure requirements

CPE Credits Available

1 CPE
1
Accounting

Things to Know About This Course

Course Level

  • Overview

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

None

Advanced Preparation

None

Intended Audience

Accounting professionals seeking an introduction to goodwill impairment testing and the related FASB requirements

Provider

Surgent CPE

Purchase This Course

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    $ 38 38
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