1 CPE 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: January 18, 2023
15 Reviews (59 ratings)
Reviews
Anonymous
(Associate Director)
The course provides a great overview of the goodwill accounting as part of an acquisition that falls in accordance with ASC 805. The course also provided an overview of allocating goodwill to non-controlling interest which is something that I have not seen thus far. It will be incorporated as an item I will be on the lookout for when accounting for future business combinations.
Anonymous
(Accounting Manager: Statutory Reporting)
This course provided a great overview of the steps taken to recognize goodwill in a business combination. I really appreciated the extra complexities associated when a business combination includes a non-controlling interest portion.
Anonymous
(Contoller)
The presenter of this FASB ASC 805 topic is well spoken, clear and precise. Jennifer Louis consistently provides a presentation document and support that is well thought out and enjoyable to listen to, even though the topic is dry.
Jatin Talreja
(Financial Accounting Consultant at Wells Fargo)
The course gives an overview of Goodwill measurement in business combination . Some numerical examples on how to calculate impairment would have made impairment portion more easy to grasp but overall presentation was nice.
Jeffrey Kirsch
(CFO / VP Finance at Kirsch CFO Advisor)
I really enjoyed the update on the treatment of valuing goodwill and the recent FASB updates. I really enjoyed Jennifer Louis lecture due to her clarity and technical expertise.
Anonymous
(Finance and Accounting Consultant)
Despite of the complexity of the topic, the course presents and disects the concepts effectively. The instructor is very knowledgeable on the subject matter.
Anonymous
(CFO)
Very informative and quick overview of a complex topic. This helped but I will need a more in-depth course to fully understand it.
Anonymous
(VP of Finance and Accounting)
Topics are well-organized and explained clearly, making practical application simple and adding value to the course overall.
Anonymous
()
A wealth of information for a 1 hour course. It reviews the four step models of recognizing goodwill.
Anonymous
(Accountant)
Great course. Found it to be very informative on the topic at hand and would recommend to all.
Anonymous
(Associate Director)
This course provided a good overview of accounting for goodwill in a business combination.
Anonymous
(Technical Accounting Manager)
This was a great course regarding Goodwill impairment and non controlling interest.
Anonymous
(Manager)
very good course. the content was very complete and easy to understand
Maya Walker
(VP Finance at Carnegie Technologies)
Great summary of how to approach valuation of an acquired business.
Anonymous
(Financial Controller)
Good overview of current standard and new pronouncements
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
.
Jennifer LouisCPA, President of Emergent Solutions Group LLC
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 75 East Santa Clara St.
- Suite 1215, San Jose, CA 95113
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