Accounting for Intangibles

Study Level: Basic
Delivery Method: Online self-study
Provider of Record: WebCE
Field of Study: Accounting
Prerequisites: None

Course Description:
This course provides an overview of the accounting and reporting requirements with respect to intangible assets as prescribed by Accounting Standards Codification (ASC) 350.  This includes a discussion of intangible assets other than goodwill with finite lives as well as those with indefinite lives.  Additionally, this course also focuses on the accounting and reporting requirements with respect to goodwill, with particular focus on impairment testing of goodwill and future changes to these requirements communicated by the Financial Accounting Standards Board (FASB) in early 2017.     

Course Learning Objectives:
Upon completion of this course, you will be able to:

  • recognize the criteria required to be met in order to recognize an intangible asset
  • differentiate between the various types of intangible assets
  • identify subsequent measurement requirements for intangible assets
  • identify presentation and disclosure requirements for intangible assets
  • identify the initial and recognition and measurement requirements for goodwill
  • recognize characteristics of reporting units as it relates to goodwill impairment testing
  • differentiate between the required steps in the goodwill impairment process
  • identify requirements around the derecognition of goodwill
  • identify specific aspects of the private company alternative to goodwill impairment
  • recognize recent developments with respect to goodwill impairment testing

Published: Sept. 2017