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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.
  • Discover and 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.
Last updated/reviewed: October 25, 2020

Prerequisites

Course Complexity: Foundational

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 .
Course Syllabus
SUPPORTING MATERIAL
  PDFGoodwill Impairment Basics
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM