-
Course Level :Basic
-
Credits :1
-
Pre-requisites :None
-
Advance Preparation :None
Companies with recorded goodwill in their financial
statements are required to conduct annual goodwill impairment testing. Without a
sound knowledge of the mechanics to assess under the accounting literature, and
acceptable to auditors, the resulting process becomes a time-consuming,
frustrating and stressful exercise.
This
hands-on, problem-solving CPE E-Book will enable you to view impairment
assessment through the eyes of the auditor to ensure your company prepares
acceptable levels of documentation and reaches the appropriate conclusions.
This CPE E-Book provides an 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. It focuses on topics such as the initial recognition of
goodwill and subsequent measurement requirements including the accounting
alternative allowed for certain eligible entities. This E-Book also addresses
the disclosure requirements for goodwill and is current through the issuance of
ASU 2019-06.
This CPE E-Book guides you with the recently enhanced
to simplify goodwill impairment testing for all entities, both public and
nonpublic. It will provide an overview of these recent enhancements and the
impact on financial statements, Also provide accounting and valuation guidance
for impairment testing of goodwill. Specifically, it focuses on practice issues
related to the qualitative assessment and the first step of the two-step test
that requires hypothetical business combination accounting for purposes of
measuring an impairment loss.
It will provide accountants with a thorough standing
of ASU 2015-02, including the definition of a public business entity, the
disclosure rules, and the effect that this accounting standard update will have
on the financial statements.
This CPE E-Book is helpful for auditors, accountants,
and valuation specialists seeking an advanced understanding of the accounting,
valuation, and disclosures related to goodwill impairment testing. It is also a
vital resource for preparers of financial statements of public and private
companies that follow FASB guidance on goodwill.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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 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.
Advisor, Kelen Camehl CPA
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
20 Ratings