Goodwill Impairment Essentials (CPE Course)

CPE Credit: 1 hour

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $15

Course Description
Many organizations have recorded goodwill on their books as the result of acquisitions. This asset must be monitored and tested for impairment at regular intervals. In the Goodwill Impairment Essentials course, we cover every aspect of what goodwill is, how impairment testing is conducted, and whether goodwill amortization can be used. We also note the financial statement disclosure requirements for goodwill impairment.

Author: Steven Bragg

Course Number: AC1152

Learning Objectives

  • Recognize the criteria for identifying reporting units and business segments.

  • Describe the events or circumstances indicating the presence of goodwill impairment.

  • Recognize the timing of goodwill impairment testing.

  • Specify the criteria for when goodwill amortization is allowed, and how it is conducted.

  • Describe the disclosures for goodwill impairment.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date: March 2023

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

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AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.