See Credit Details Below
While this program offers CPE (NASBA) credit, it has expired for CLE credit in many states. Please check the credit calculator to the right. No CLE certificate will be issued if credit has expired in your state.
Lecture Topics [01:09:55]
Upon the successful completion of this program, the participant will be able to:
- Recall when accounting impairments may need to be recorded.
- Recognize when and how goodwill is recorded in a company’s financial statements.
- Outline the accounting process for goodwill and the impairment of goodwill.
- Identify other types of impairment accounting issues, including plant assets, intangible assets, and financial assets.
- Indicate why “forewarning” disclosures about potential future goodwill and other impairments are important.
This program will focus on:
- “Goodwill” in the financial reporting process.
- Recording goodwill in a company’s financial statements.
- “Normal” accounting for goodwill.
- The interaction between goodwill accounting and operating segments.
- “Goodwill impairment” and what triggers it.
- How goodwill is tested for impairment in the accounting process.
- SEC reporting issues in goodwill impairment.
- What is recorded within financial statements?
- What must be disclosed in other parts of a Form 10-K or Form 10-Q?
- When is disclosure required in Form 8-K or other filing?
- Other types of situations that may trigger impairment issues.
- Plant assets.
- Intangible assets.
- Required “forewarning” disclosures in MD&A about possible future impairment.
CPE Program Level: Overview
Intended Audience: In-house counsel, outside attorneys, board members, corporate officers, and other allied professionals responsible for the preparation of public reporting and disclosure documents, particularly as they relate to the disclosure requirements for goodwill and other types of impairments.
Prerequisites: A background in the preparation of public reporting and disclosure documents, particularly as they relate to the disclosure requirements for goodwill and other types of impairments.
Advanced Preparation: None
Instructional Method: QAS Self-Study
Updated: March 2019