
Intangible Assets, Goodwill, and Asset Impairment and Disposal Issues
This course illustrates the application of a goodwill impairment test before and after application of guidance from ASU No. 2017-04, Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This course also includes a real-life disclosure that reflects application of ASU No. 2017-04.
Format
Online
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
1
Author(s)
Renee Rampulla
Availability
1 year
Product Number
IAGA21SSO
Refresh your understanding of accounting guidance for intangible assets, including goodwill, and long-lived assets. This course addresses indefinite-lived intangible assets, definite-lived intangible assets, goodwill, impairment of assets, and issues associated with the recognition of liabilities that arise from the use and disposal of long-lived assets. This course focuses on the issues deemed most relevant to accounting and finance professionals at this point in time.
Who Will Benefit
- Accountants
- Controllers
- Auditors in public practice
- Internal auditors
- Other management-level accounting personnel and educators
Key Topics
- Initial recognition of intangible assets
- Amortization of intangible assets
- Intangible assets not subject to amortization
- Goodwill impairment testing
- Impairment and disposal of long-lived assets
- Financial statement presentation and disclosures
Learning Outcomes
- Identify the provisions of FASB Accounting Standards Codification (ASC) 350, Intangibles: Goodwill and Other, as they pertain to goodwill and other intangible assets.
- Identify the criteria in FASB ASC 360, Property, Plant, and Equipment, for recognition and disclosure of an impairment of long-lived assets and for assets held for disposal.
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