To Access This Course:
Goodwill is an intangible asset generated from the acquisition of one entity by another. It is the difference between the price paid by the acquirer for a business, and the amount that cannot be assigned to any individually-identified assets and liabilities acquired in the transaction. The accounting for goodwill can range from simple to complex.
This course describes some of the most common issues related to the initial measurement and subsequent accounting for goodwill and acquisition-related expenses in a business combination.
Learning Objectives
- Discover how to initially calculate goodwill under U.S. generally accepted accounting principles (GAAP) Accounting Standards Codification (ASC) Topic 805: Business Combinations, including simplifications available to nonpublic business entities.
- Explore how to initially account for the buyer’s acquisition-related costs (such as legal, valuation, and other fees), as well as any seller’s costs paid for by the buyer.
- Recognize the subsequent measurement and reporting of goodwill and acquisition-related costs, including impairment considerations.
Last updated/reviewed: October 9, 2018
1 Review (8 ratings)Reviews
Anonymous
(Manager)
very good course. the content was very complete and easy to understand
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .